Inflation may be falling, but bloated government deficits look set to keep interest rates higher for longer. That means deals stuck in limbo will stay there.
Inflation may be falling, but bloated government deficits in the US look set to keep interest rates higher for longer. And that means the intense pain being felt in private equity land is unlikely to ease anytime soon.
President Joe Biden unveiled his proposed 2025 budget on Monday (Tuesday AEDT), which would lift spending to $US7.3 trillion ($11 trillion) next year, while raising taxes on wealthy people and big business.
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Jill Margo was a senior writer at The Australian Financial Review.
