Investors See Higher Defaults Ahead as Interest Rates, Inflation Take a Toll

Debt investors are betting that the Federal Reserve’s latest rate hike is a prelude to a downturn for some U.S. companies as rising borrowing costs are likely to put a damper on consumer spending and raise expenses for business.

Debt investors are betting that the Federal Reserve’s latest rate hike is a prelude to a downturn for some U.S. companies as rising borrowing costs are likely to put a damper on consumer spending and raise expenses for business.

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