Consumer Loans from Commercial Banks, USA4 December 2022
US consumer bank loans have increased by over 50% in the past decade to almost $1.8 trillion.
Quantitative easing following the GFC and the pandemic lockdowns, have facilitated consumer access to bank debt.
But with the Federal Funds Rate now at 4%, the highest since 2008, will the higher interest rates lead to a dramatic rise in consumer loan defaults?
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