Market Week: June 19, 2023
In 1Q23, nearly 44 million Americans owed more than $1.6 trillion in federal student loan debt and, according to Moody’s, these borrowers will be faced with an average $250 monthly payment once payments resume.
In 1Q23, nearly 44 million Americans owed more than $1.6 trillion in federal student loan debt and, according to Moody’s, these borrowers will be faced with an average $250 monthly payment once payments resume.
Given a gradual slowdown in growth and inflation and the fact that we have yet to see the full effect of the cumulative 500bps of hikes so far, the Fed would be well advised to pause at this point.