Corporate net interest payments stay low due to fixed debt, higher interest rates slow to drive a recession

This chart is FASCINATING! Corporates have seen NET INTEREST payments fall bc they fixed debt when rates were low (2020/21) and now are benefitting from higher rates on their cash. A reason why higher interest rates slow to drive a #recession. Thoughts @KeithMcCullough? pic.twitter.com/Ulm9RK2ch7

— Enrique Abeyta (@enriqueabeyta) July 22, 2023