02. MACROECONOMICS & STRATEGY
United States: a slowdown due to the delayed effects of rising interest rates
Credit card balances in serious payment default (% of total balances) and period of recession – United States
Mortgage rates – United States
Chart Title
Chart Title
14%
20
18
13%
16
12%
14
11%
12
10%
10
9%
8
8%
6
7%
4
6%
2
1977
1987
1997
2007
2017
5%
30-year loan rate Average effectvie interest rate on mortgage debt outstanding
2000
2004
2008
2012
2016
2020
2024
Public
Sources: BofA Global Investment Strategy, Macrobond, Rothschild & Co Asset Management – 12/2024 This presentation contains historical market data. Historical market trends are not a reliable indicator of future market behaviour. These data are provided for illustrative purposes only. Depending on the date of publication, the information presented may differ from the updated data.
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