Are high rates endangering the US economy? ...Middle East

Judging by US indices, which keep reaching new highs, the economy might seem to be thriving. However, the reality is more complicated.Growth rates are gradually slowing, which is evident not only because job creation reached only 150,000 jobs, below the 165,000 expected. More importantly, the ISM manufacturing and services indices fell below 50, and the Atlanta Fed's GDP indicators declined.The most alarming issue, which surprisingly has not yet raised much concern, is the increasing number of corporate sector bankruptcies due to high rates.According to S&P Global, June saw a historic spike in US corporate bankruptcy filings, with 75 filings, the highest number recorded in a month since at l

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Last updated : 12 July 2024 clock 11:41 AM

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Are high rates endangering the US economy? ...Middle East

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