- US 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 bid to curb inflation.
US companies are about to feel the brunt of the Federal Reserve’s battle against inflation, according to billionaire investor Howard Marks.
Speaking to Bloomberg’s David Rubenstein, the Oaktree Capital Management cofounder warned that more businesses are likely to default on their debt repayments because the central bank’s aggressive interest-rate hikes have made it so much more expensive to borrow cash.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased