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Investors are becoming increasingly nervous about problems mounting in the $3 trillion private credit market where some creditworthiness is deteriorating in some sectors and truthful valuations are hard to ascertain.
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Despite concerns over the struggling industry, the banking giant aims to increase its offering.
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A State of Wealthy Entrepreneurs Passes a ‘Millionaires' Tax' The New York TimesWA income tax clears House after 24-hour debate The Seattle TimesHouse approves 'millionaires tax,' bill heads to Senate for confirmation king5.comWashington's 9.9% Millionaire Tax Raises Fears Of Wealthy Exodus ForbesSome states
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The consumer price index in February was expected to show a 2.4% increase from a year ago, according to the Dow Jones consensus.
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Inflation in February was flat compared with January but doesn't include the surge in oil prices pushing up consumer costs.
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Cava CFO Tricia Tolivar said the company has been able to create a "bridge" in the increasingly K-shaped economy.
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