Moody’s Economic Update: The Economy Beneath the Headlines
The U.S. economy has remained remarkably resilient, but beneath the headline numbers, consumers are experiencing very different realities. Moody’s Analytics economist Justin Begley joins Equifax’s Olivia Voltaggio to examine the outlook for the labor market, growing stress among subprime borrowers, the persistent K-shaped economy and the housing affordability challenge. They also discuss what these trends mean for credit demand, delinquencies and the economic indicators lenders should be watching as they balance risk with opportunities for growth.
The skinny
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