Since the Federal Reserve began aggressively hiking interest rates last year, more and more economists warned that a US recession was imminent. But that recession has not yet arrived, and there's no sign a recession is near even after reliable indicators like the inverted yield curve flashed red flags. According to Societe Generale, "something very strange has happened" that explains why a US recession has been delayed, and it has to do with some timely moves made by corporations. The bank highlighted that going back to at least 1975, corporate net interest payments would rise as the Fed raised interest rates. But ... (full story)