Reported about 11 hours ago
The Federal Reserve's latest survey identifies the US government's escalating debt as the primary risk to financial stability, surpassing persistent inflation concerns. The survey highlights increasing worries about fiscal debt sustainability, particularly as over half of respondents pointed to this issue as a significant risk. Other highlighted risks include geopolitical tensions and various market vulnerabilities. Meanwhile, the banking sector remains stable, although there are concerns about household debt and credit delinquencies, especially among those with lower credit scores.
Source: YAHOO