U.S. Corporate Bankruptcy Filings Hit the Highest since 2020. More Likely on the Horizon
Investors appear convinced that major Western central banks are close to a much awaited pivot, from raising interest rates to cutting them.
Markets rallied as a result, but 2024 could hold surprises as the world adjusts to an economic order where money is not cheap.
Meanwhile, global stocks rallied and top government bond yields fell in recent weeks, despite central bankers cautioning against pivot bets. In the United States, for example, investors are now effectively positioned for the Federal Reserve guiding the economy to a perfect landing and bringing down inflation without triggering a recession.
That means companies – and in some cases, entire countries – will have to restructure their debt liabilities, as many of them can no longer afford to pay interest payments. Some of that is already visible in emerging market debt negotiations and rising bankruptcies of companies.
Inflation Hotter Than Expected In December—But Core Inflation Falls To 2.5-Year Low
U.S. inflation moderated less than expected last month.
What to Know about Investing in Hydrogen
Hydrogen is an energy source that emits no greenhouse gases when burned.
Yellen Says U.S. Economy is in ‘Soft Landing’
Treasury Secretary Janet Yellen said Friday the U.S. economy is achieving a “soft landing” as inflation continues to ease without showing signs of a significant economic downturn.
