US corporate debt defaults surge 176% as the Fed's war on inflation pushes more companies into financial distress

As many as 69 American firms defaulted on their debt during the first eight months of the year, marking a 176% jump from the same period of 2022, according to data from S&P.

https://markets.businessinsider.com/news/bonds/fed-inflation-war-crushing-companies-debt-defaults-surge-176-percent-2023-9