US private finances show resilience despite aggressive interest rate hikes, with strong corporate and household balance sheets.
US private finances remain strong, with corporate and household balance sheets less affected by interest rate hikes than initially feared. The most aggressive rate-hiking cycle in 40 years has not led to the stress many had anticipated. Analysts predict no interest rate cuts this year, as household income and wealth have shown resilience and US households are sitting on $2.6 trillion of "excess" cash.
March 06, 2024
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