Rising Consumer Debt and Delinquency Rates Raise Concerns for US Economy
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#be35213b ver:0.22

Rising consumer debt and delinquency rates raise concerns for the US economy as bank credit contracts for the first time since the Great Recession. Higher interest rates and declining economic activity contribute to the decline in lending, prompting warnings of a possible recession. Delinquency rates on loans reach a five-year high, indicating potential consumer pullback. Despite some optimism in the CRE finance industry, concerns about rate cuts and sector-specific issues persist. Recovery in bank credit provides hope, but economists warn of a potential hard landing and the need to reduce spending. #ConsumerDebt #EconomicOutlook #RecessionConcerns...

#newstr #FederalReserve #ConsumerDebt #DelinquencyRates #HouseholdDebt #EconomicData 

 https://here.news/story/be35213b?ver=0.22