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Credit

Defaults to Soar amid ‘Extremely High’ Recession Risk and Rising Borrowing Costs

July 15, 2022 - 10:57 amJuly 15, 2022 - 10:10 am by Nick R. Hamilton

Credit defaults in the United States are expected to soar as borrowing costs continue to rise amid an “extremely high” risk of recession, a group of finance industry leaders is warning.

Categories Economy Tags Business, Credit, Federal Reserve, Inflation, Jerome Powell, News Leave a comment

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