The Big Picture by John Fekete: Entering a New Phase

September 2024 – John Fekete, Crescent Capital’s Head of Tradeable Credit, discusses the state of the U.S. economy and the outlook for debt markets.

Global disinflation remains on track. A soft landing appears to be the most likely scenario for the U.S. economy. What does the Fed’s expected policy pivot mean for credit markets?

As we enter a new phase in the economy characterized by declining interest rates, looser financial conditions and strong credit growth, John outlines how credit markets may be impacted as well as the potential risks to keep an eye on as we move into the close of the year.

Read the full commentary here.