Forex
globalreutersMay 8, 20241 Mins read
Fed’s Cook: Households remain resilient but watching rising delinquency rates
globalreutersMay 8, 20241 Mins read - Firms have ample earnings to cover debt payments
- Financial firms well positioned to absorb shocks
- Overall risk from commercial real estate considered sizable but manageable
- Growth of private credit likely has not hurt the financial system’s resilience
There were no comments on rates or the economic outlook from Cook but commercial real estate is a real risk in a harder landing.
This article was written by Adam Button at www.forexlive.com.
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