Analyst: More American companies may face financial difficulties in the near future

ChainCatcher news, according to Jinshi reports, analysts at Zaye Capital Markets stated in a report that due to relatively high interest rates and constrained credit conditions, more U.S. companies may face financial difficulties in the near future.

The analysts cited data from DataArbor and S&P Global, stating that U.S. bankruptcy filings are expected to rise to 691 in 2024, the highest level since 2010. The analysts said, "The delayed effects of tightening monetary policy are still spreading through the economy, showing how severe the pressures are in these industries."