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The most dangerous corner of a balance-sheet

Debt suffers from a bad reputation. In almost every culture, lending and borrowing are maligned, with unflattering idioms common. Yet credit is the lifeblood of capitalism: the ability to lend and borrow facilitates hundreds of billions of dollars of activity every day.

Divided Fed officials saw another two interest rate cuts by the end of 2025, minutes show

Fed officials were cautious about inflation as they agreed rate cuts