Bankruptcies are spiking as companies lose hope of rate cuts
The US economy is showing resilience, but experts warn a recession is still on the table.
Robert Alexander / Getty
- April saw the highest number of corporate bankruptcies in a year, S&P Global said.
- Eroding bets of an interest rate cut contribute to this, as burdened business throw in the towel.
- Inflationary data prints in April coincided with a jump in junk-rated yields.
Corporate bankruptcies increased in recent months amid teetering confidence in a quick interest rate pivot.
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