Fitch affirms traditional managers' ratings, despite challenging conditions
Tighter financing environment, declining economic growth to drive defaults
Continued diversification into market data, analytics will support exchanges' profits
Federal Reserve expected to hold interest rates at December meeting
Rating agency sees modest profit improvement ahead for industry
Outlook shifts to neutral as banks adapt to higher rate environment
Consumer spending puts economy on track for 5.2% annual growth, up from 4.9% estimated last quarter
The remarks on Tuesday suggested the Fed's outlook for interest rates may have decisively shifted in the past few months
Rating agency expects 100 basis points of rate cuts next year
Regulator's compliance reviews find issues with performance reporting