Young people were the hardest hit, data shows
High valuations, uncertainties loom in second half
Deal volume up, value soared driven by more "mega" deals
Refinancing activity drove new issue spike, even as defaults rise
Year-over-year inflation reached its lowest level in more than three years in July
Market cap rose, alongside trading volume and value, group reports
Per capita income growth rose in Q1, outpaced GDP
Consumers increasingly seeking cheaper alternatives, bargains or avoiding items they deem too expensive
Effects likely to be focused on weaker, low-rated issuers
Weak market signals disinflation, need for more rate cuts, company report says