Howard Marks warns more companies will default as they feel the full force of the Fed’s inflation fight

By Oaktree Capital Management cofounder Howard Marks.K. Y. Cheng/South China Morning Post via Getty ImagesUS businesses will soon feel the full force of rising interest rates, according to Howard Marks.”Many more companies are going to founder,” the Oaktree cofounder told Bloomberg.The Federal Reserve has aggressively hiked borrowing costs over the past 18 months in a…

Read More

The Fed’s preferred inflation measure stayed high in July — and consumers are continuing to spend

By: Minneapolis CNN  —  US inflation may have remained elevated in July, but consumers just wanted to have some fun. New Commerce Department data released Thursday showed that consumer spending jumped 0.8% last month as shoppers shelled out for restaurants, live shows, toys, games and recreational equipment. It’s the strongest monthly spending gain since January;…

Read More