Recession fears easing as dueling economic narratives take hold

The latest jobs report from private payroll firm ADP shows the labor market remains resilient. Also, Bank of America now says a soft landing for the economy is likely with a recession being avoided. But the optimism comes as the credit rating agency Fitch downgraded the U.S. credit rating from AAA to AA+. NBC News’ Tom Costello breaks down why and what it means for Americans. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. Connect with NBC News Online! NBC News App: https://smart.link/5d0cd9df61b80 Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621 Visit NBCNews.Com: http://nbcnews.to/ReadNBC Find NBC News on Facebook: http://nbcnews.to/LikeNBC Follow NBC News on Twitter: http://nbcnews.to/FollowNBC Get more of NBC News delivered to your inbox: nbcnews.com/newsletters #NBCNews #Economy #CreditRating

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