Fed's Cook (voter) , in review of financial stability, says households remain resilient but she is watching climbing delinquency rates; firms have ample earnings to cover debt payments
- Financial firms well positioned to absorb shocks and supervisors working with firms that have seen fair-value losses from high rates and those with large commercial real estate exposure.
- Overall risk from CRE considered “sizable but manageable”.
Growth of private credit likely has not hurt the financial system’s resilience, sector appears well positioned to hold riskiest corporate credit
08 May 2024 - 18:30- Fixed IncomeImportant- Source: Newswires
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