BUSINESSFORTUNE
Who needs rate cuts? Even the Fed’s new chair admits companies are easily raising capital on financial markets amid epic stock and debt binge
The Federal Reserve's new chair, Kevin Warsh, acknowledged companies are raising capital easily through stock and debt markets despite describing monetary policy as 'somewhat restrictive.' Companies like Alphabet and SpaceX have raised record amounts via IPOs and secondary offerings, while corporate bond issuance hit $1.23 trillion year-to-date. However, housing market conditions remain weak due to high rates.
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