Washington| One of the most unanticipated US stock price surges during 2023’s higher-interest-rate environment and slowing economic growth was consumer and business credit rating agency Fair Isaac Corporation (FICO).
The monopoly, which gets a royalty for the use of its credit score for just about every single mortgage, credit card or auto loan origination in America, was up 87 per cent despite a marked slowdown in consumer credit growth.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
