Robust consumer spending is fuelled by credit growth, report says
A growing share of business forecasters worry that the Fed is keeping rates unnecessarily high
Decline in real income followed four quarters of growth
Rising defaults a symptom, not the cause, of macro stress, Moody's finds
Core inflation remained persistent, even as energy inflation stayed negative
The central bank says shelter costs are now the primary driver of above-target inflation
Banks, insurers tend to benefit from higher rates even as financial stress builds, rating agencies say
High interest rates, heightened macro uncertainty weigh on deal flow
Asian countries are expected to drive global growth again in 2024 and 2025
Wage growth is still too hot, but will moderate as employment slows