▶youtube BusinessReal Estate first seen 1 d ago, last 5 h ago, peak #8
US Bankruptcies Surge 64% as Fed Policy Worries Mount
Original: Bankruptcies Soar 64%; Fed Just Lit A Fuse | Danielle DiMartino Booth
US bankruptcies have jumped 64%, and economist Danielle DiMartino Booth argues the Federal Reserve's interest rate stance has set off a wave of financial distress. In an interview with David Lin, she warned that higher-for-longer rates are squeezing indebted companies, with real estate among the sectors most exposed as refinancing costs climb.
Why now: Rising bankruptcy numbers and Fed rate policy are fueling concern about an approaching credit crunch.
Danielle DiMartino BoothDavid LinFederal Reserve
Evidence
- Bankruptcies Soar 64%; Fed Just Lit A Fuse | Danielle DiMartino Booth · David Lin · 186.6K
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