Extra Credit

US Economy Under Significant Pressure, CMI Shows

NACM Episode 60

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NACM’s Credit Managers’ Index slipped 1.6 points in May to 52.2—nearly erasing three months of improvement. NACM Economist Amy Crews Cutts says this indicates the economy could collapse under the mounting pressure of lingering debt ceiling issues, interest rate hikes and continued stress in the banking sector. 

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