From the charts it seems the increase is very much in line with the increase we have experienced in the past 20 years: https://i.imgur.com/zu8ifRY.jpg .
While the interest rate is at new highs, as long as consumers are mostly paying their monthly credit card bills, we should be alright?
Also with the geopolitical events and tensions around the world, many companies sees the US as a great place to put factories in. With this, jobs wouldn’t be a problem and we can continue to count on consumers being able to pay their credit card debts and other debts.
As long as no new conflict breaks out or old conflict escalated, the market should be pretty good for the next few years, after Fed has finished their hike?
