24/03/2023
Small earthquakes can collapse buildings with poor foundations.
The rapid rise of interest rates has provided a shock that is exposing companies with pre existing conditions to the rude reality of normalised monetary policy.
Yes the US Federal Reserve cash rate rises from zero in March 2020 to 4.50% in March 2023 is the steepest rate rise cycle for 158 years but… 4.5% is not an outlier when it comes to cash rates.
Paul Forbes