Denis Novikov/Getty Images
- "Something very strange has happened" in the economy that is preventing a recession, Societe Generale said.
- The bank highlighted that as the Fed raised interest rates over the past year, corporate net interest payments actually fell.
- Here's how US businesses successfully navigated an extreme cycle of monetary tightening without sparking a recession.
Since the Federal Reserve began aggressively hiking interest rates last year, more and more economists warned that a US recession was imminent.