Are Rising Credit Card Delinquency Rates Signaling a Hard Landing?

Former JPMorgan Chase Global Chief Economist and Current BrightQuery Chief Economist (Ph.D. Economics)

Forecasts about whether the U.S. economy will likely experience a soft or hard landing have changed more often than the weather over the past year!  One widely circulated argument to support a possible hard landing is the sudden rise in commercial bank credit card delinquency rates! These rates have spiked above their readings observed during the 2020 U…