Moody's downgraded US growth. The credit-rating agency trimmed its 2016 US growth forecast to 2% from 2.3%, according to an emailed statement obtained by Bloomberg. The statement suggested that the slowing of the Chinese economy could have a "significant" impact on financial markets. Additionally, Moody's thinks the US Federal Reserve will raise rates at most twice this year. As for 2017, the rating agency thinks US growth will reach 2.3%, according to Bloomberg.