$930,000,000,000 Wave of Debt Descending on US Banks As Hope for Interest Rate Reversal Fades: Former IMF Deputy Director

An IMF insider is warning of another US banking crisis amid hot inflation, dwindling hope of interest rate cuts from the Fed and fears of mounting crisis in the real estate market. Writing for the American Enterprise Institute where he’s a senior fellow, former IMF Deputy Director Desmond Lachman…#imf #desmondlachman #cre #siliconvalleybank #lachman

Source: Reuters: Health - April 19, 2024 Category: Consumer Health News Source Type: news