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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…

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