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Investors See Higher Defaults Ahead as Interest Rates, Inflation Take a Toll
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Debt investors are betting that the Federal Reserve’s latest rate hike is a prelude to a downturn for some U.S. companies as rising borrowing costs are likely to put a damper on consumer spending and raise expenses for business.
The Federal Reserve on Wednesday announced a 0.75-percentage-point raise of the federal-funds rate, the central bank’s largest rate hike since 1994. Fed projections released Wednesday also showed that the policy makers expect to raise rates further as the year progresses.
Read more on wsj.comAbout this in other media
Barclays to buy Kensington Mortgages as interest rates rise theguardian.com /2 years ago
Fed’s Jerome Powell to Head to the House With Interest Rates in Focus wsj.com /2 years ago
Average price for US homes hits record high in May despite rise in interest rates theguardian.com /2 years ago
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