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Howard Marks of Oaktree in front of an Oaktree label on a white filing cabinet.
Oaktree Capital Management cofounder Howard Marks.

K. Y. Cheng/South China Morning Post via Getty Images

  • US businesses will soon feel the full force of rising interest rates, according to Howard Marks.
  • "Many more companies are going to founder," the Oaktree cofounder told Bloomberg.
  • The Federal Reserve has aggressively hiked borrowing costs over the past 18 months in a bid to curb inflation.

US companies are about to feel the brunt of the Federal Reserve's battle against inflation, according to billionaire investor Howard Marks.

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Markets, mi-exclusive, Markets, debt-markets, debt-defaults, bond-markets, Stocks, howard-marks, federal-reserve, interest-rates, Inflation, stock-market-analysis, stock-market-outlook, stock-market-strategy, investing-analysis, investing-outlook, investing-strategy
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Howard Marks warns more companies will default as they feel the full force of t…