Income Investing
Fixed Income Monthly
By Crit Thomas, CFA, CAIA, Erik M. Aarts, CIMA, Brian Cheyne, CFA, CIMA
We believe we remain in the late stages of the economic cycle and that the risk of a recession (likely mild) is high. This is despite recent economic releases that has spurred a Goldilocks soft-landing narrative where inflation continues to retreat and the economy slows, but skirts a recession. This narrative has pulled forward Fed rate cut expectations.