Households are facing the dual drags of inflation and higher interest rates, report says
HELOC balances declined, mortgage growth slowed in September
Rate cuts to start materializing by mid-year
Across advanced economies, lending demand slowed sharply
Amid higher interest rates, rising debts, payment struggles surge
Slowing forecasts diverge as the growing pain of higher rates plays out
Rates staying higher will continue to drive credit outlook, Moody's says
Margin pressures, slowing loan growth and rising capital demands to continue
Credit card balances also swelled, while HELOCs shank, the agency said
Households to curtail spending amid softer labour markets, easing wage growth