Office-loan delinquencies hit 5-year high in 2023 and likely will rise even higher, Moody’s says

Office-loan delinquencies hit 5-year high in 2023 and likely will rise even higher, Moody’s says

Office-loan delinquencies hit a five-year high in November for mortgages packed into bond deals, and they are expected to climb further in 2024, according to Moody’s Investors Service. The rate of office loans at least 60 days past due climbed to 5.28% in November from 5.14% in October, according to the latest Moody’s data for

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Will America’s Good News on Inflation Last?

Will America’s Good News on Inflation Last?

Prices climbed rapidly in 2021 and 2022, straining American household budgets and chipping away at President Biden’s approval rating. But inflation cooled in late 2023, a spurt of progress that happened more quickly than economists had expected and that stoked hopes of a gentle economic landing. Now, the question is whether the good news can…

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