Fitch Ratings has affirmed the United States at AAA with stable outlook, said the agency in a statement Tuesday. Among key drivers, Fitch mentioned: “The U.S.'s 'AAA' rating is underpinned by the sovereign's unparalleled financing flexibility as the issuer of the world's pre-eminent reserve currency.” “The output gap is closing, and headline inflation is below the Fed's 2% target, with core CPI inflation already at 2%. Even if the Federal Reserve tolerates a temporary overshoot of current inflation, Fitch expects two more policy rate rises in 2016 and three in 2017, slightly above market expectations but in line with the Federal Reserve FOMC forecast.” “The U.S. economy grew 2.4% in 2015, a strong performance compared with most other advanced economies. Growth was undermined by a contraction in the oil industry and soft foreign demand, exacerbated by dollar strength. The domestic growth story is underpinned by consumer demand and steady labour market improvement, with unemployment falling to 5% in March 2016.” For more information, read our latest forex news.