US economy could withstand one shock, but four at once?

Federal student loan payments restart on Oct 1, which could divert as much as $100 billion from Americans’ pockets. (Image: Getty)

The Wall Street Journal

Mon, 25 Sep 2023

By David HarrisonThe US economy has sailed through some rough currents this year but now faces a convergence of hazards that threaten to create more turbulence.Among the possible challenges this fall: a broader auto workers strike, a lengthy government shutdown, the resumption of student loan payments and rising oil prices.Each on its own wouldn’t do too much harm. Together, they could be more damaging, particularly when the economy is already cooling due to high interest rates.“It’s that quadrupl...

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