Gigantic Corporate Debts Could Pin the Fed in an Inflation Trap
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For the US Federal Reserve, 2022 is looking like a classic case of damned if you do, damned if you don't.
Inflation grew 6.8% in November, or the fastest in 40 years, but any rate hikes to slow rising consumer costs could put a serious dent in the economy. That's because corporate debt has swelled by $1.3 trillion since early 2020, creating an inverse risk if borrowing costs rise.
Source Fool.com
