Private Credit Faces Worst Reckoning Since ‘08, NY Life CIO Says
The private credit market is set to face a “reckoning moment” and a period of difficulty it hasn’t seen since 2008 according to Jae Yoon CIO.
The private credit market is set to face a “reckoning moment” and a period of difficulty it hasn’t seen since 2008 according to Jae Yoon CIO.
After the Federal Reserve’s 0.5-percentage-point interest-rate reduction last week, many experts say a soft landing for the economy is in store.
US stocks can soar to fresh highs thanks to the Fed's aggressive half-point interest rate cut last week but bankers should tread carefully.
JPMorgan CEO Jamie Dimon is more concerned with the major factors influencing the economy over the next century more so than individual rate cuts.
Jeffrey Gundlach, CEO of DoubleLine and a leading voice in the bond market, is sounding the alarm that the Fed’s anticipated rate cut is too late.
In 1995 the rate of inflation was slowing along with spending by US consumers. So, the Fed cut interest rates by a quarter in July and December.
Blackstone Inc. Chief Financial Officer Michael Chae said the firm is “cautiously optimistic about a soft landing.