The strength of credit performance in the United S

Aihuicha, November 1: in order to curb inflation, the Federal Reserve intends to tighten the financial environment in an all-round way, but so far it has not had much impact on the financing situation of American enterprises. Jeremy Stein, a former Fed governor who is now a professor at Harvard, said: "if you told me two years ago that the Fed would raise interest rates so much in a short period of time, I would say that they would lead to the death of corporate credit, and I really don't have a good reason to explain why it is so resilient." for the Fed, it's like walking a tightrope now. Officials have begun talking about the risks of raising interest rates too high and plunging the economy into recession, and of not doing enough to keep inflation going. Robert TIPP, chief investment strategist at pgim fixed income, said: "the current interest rate level is basically OK, and may need to take action, may not need to. It takes more time to observe and wait."