Investors have been quick to recalibrate their expectations following the Federal Reserve’s recent pivot towards monetary easing. The Fed’s shift from aggressive rate hikes to cuts, aimed at softening economic pressures and fostering growth, has buoyed market sentiment. However, this enthusiasm may be premature, as
Over the past 18 to 36 months, the Federal Reserve’s shifting policies have significantly impacted interest coverage ratios within the investment-grade credit space. From March 2022 to September 2024, the Fed’s aggressive rate hikes, aimed at curbing inflation, led to increased borrowing costs and higher
The Federal Reserve’s series of interest rate hikes between March 2022 and September 2024 led to a significant $2 trillion influx into money market funds, as investors sought the safety and attractive yields these instruments offered. However, with the Fed now initiating rate cuts, the
Assets Under Management (AUM) are estimated and unaudited as of December 31, 2023. These figures include non-discretionary and co-advised assets, as well as valuations of equity holdings.
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