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How America Inc defeated the Fed
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How America Inc defeated the Fed

The Federal Reserve’s interest rate sword looks dull. Here’s how corporate America insulated itself against higher rates.

Sep 13, 2024
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How America Inc defeated the Fed
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It looks like nothing can stop corporate America. Revenues and profits across the nation keep rising. American businesses generated $2.8trn of annual after-tax profits in the second quarter, according to the Bureau of Economic Analysis. That's up from $2.6trn 12 months ago, a 6.6% increase. America Inc, as we will call an imaginary company made up of al…

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