Higher for Longer No Escape From the Debt Squeeze

 





Credit cards, corporate borrowing, mortgages all cost more

On the mortgage side, households are largely insulated after locking in low fixed rates, but many families are at the edge. 

US consumers have added $3.4 trillion in debt since the pandemic, and much of that is subject to higher interest rates.

Bloomberg 31 maj 2024

https://www.bloomberg.com/news/articles/2024-05-31/higher-for-longer-rates-means-debt-pain-for-consumers-and-businesses

 Financial conditions are sufficiently tight?

https://englundmacro.blogspot.com/2024/05/financial-conditions-are-sufficiently.html




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