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Feeling the heat

Oct 06, 2023

The US consumer is feeling the heat from the higher interest rates: delinquencies in consumer loans and bankruptcies are noticeably on the rise. The pain in mortgages is somewhat delayed as many mortgages are locked in at low rates. While the US consumer remains in pretty healthy shape, he will need to adapt to the current rate environment and reduce consumption at some stage slowing down the economic activity.

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