Corporate treasurers in companies at all points on the credit-rating spectrum are coping with more than a year of interest rate hikes by cutting costs and paying down debt.
"The Fed is regaining their inflation credibility, slowly. As they get inflation closer to the target, their long-run rate will again serve as a credible anchor for yields."
Some leading indicators suggest a recession is coming, while other indicators suggest the economy is healthy. Whatever the FOMC does next week, messaging will be crucial.
