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Prospective investors should be aware that past performance is no indication of future returns.
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European Capital Partners (Luxembourg) S.A. accepts no liability for any loss or damage resulting from the use of this website, in accordance with the Terms of Use.
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Only 11% of the US household debt is currently on variable interest rates. Therefore the US consumer is currently not very sensitive to higher interest rates when paying down his mortgage debt, auto and student loans. The ones really impacted are the ones contracting new loans or renewing existing ones. The pain of the interest rate hikes by the Fed will therefore be felt by the consumer with a time lag.
