Business faces £42bn debt crisis after end of ultra-low rates [Yahoo! Finance]
Federated Hermes, Inc. (FHI)
Last federated hermes, inc. earnings: 4/30 04:17 pm
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Source: Yahoo! Finance
Businesses' debt servicing costs are to rise by an average of £4.7bn a year after the Bank of England ended the era of ultra-low rates and pushed borrowing costs to a 17-year high, according to consultancy Baringa. It threatens to push up inflation as companies are put under increasing pressure to raise prices to cover some of the increase in costs, economist and partner Nick Forrest said – as well as raising the prospect that some companies will simply collapse Mr Forrest said: “It's tempting to look at plateauing or falling interest rates and conclude we're coming out of the woods. “Sadly, this disguises the truth that the hike in rates since the end of 2021 condemns business and the wider economy to a huge hangover for years to come. In absolute pound terms the UK faces the largest single hike in interest rate-driven debt servicing costs it has ever faced.” Unlike the challenges posed by the spike in inflation in the past three years, this will be a “rolling challenge” a
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FHI
News
- Month-end portfolio data now available for Federated Hermes Premier Municipal Income FundPR Newswire
- The past year for Federated Hermes (NYSE:FHI) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- Federated Hermes Premier Municipal Income Fund sets date for annual shareholders meeting [Yahoo! Finance]Yahoo! Finance
- Federated Hermes Premier Municipal Income Fund sets date for annual shareholders meetingPR Newswire
- Federated Hermes Premier Municipal Income Fund declares dividendPR Newswire
FHI
Earnings
- 4/25/24 - In-Line
FHI
Sec Filings
- 6/17/24 - Form 144
- 6/17/24 - Form 144
- 6/17/24 - Form 4
- FHI's page on the SEC website