US corporate debt defaults surge 176% as the Fed's war on inflation pushes more companies into financial distress

US corporate debt defaults surge 176% as the Fed's war on inflation pushes more companies into financial distress

(Photo by Robert Alexander/Getty Images) <ul> <li>Debt defaults by US companies surged 176% in the first eight months of 2023 from the year-earlier period, S&P data shows, as high interest rates pus… [+2612 chars]

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