Federal Reserve Governor Stephen Miran said monetary policy remains restrictive and that he will continue to advocate for outsize interest-rate cuts. “The Fed is too restrictive, neutral is quite a ways below where current policy is,” Miran said Monday in an interview on Bloomberg Television. “Given my rather more sanguine outlook on inflation than some of the other members of the committee, I don’t see a reason for keeping policy as restrictive.” Most Read from Bloomberg WATCH: Federal Reserve Governor ...

OppFi Inc. (NYSE: OPFI ) recently reported another strong quarter of earnings, though the recent stock action would indicate otherwise. There are several factors that are causing the recent stock pullback, including OPFI's exposure to the credit markets, uncertaintyAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. ...

PIMCO President Christian Stracke joined Bloomberg Open Interest to talk about the diverging picture in credit markets. On one hand, he sees strong, investment-grade borrowers funding AI data centers on one side, and on the other he sees speculative or "zombie" firms buckling under high rates. Stracke expects the default cycle to continue but stay contained. ...

As Halloween monsters of all stripes flood neighborhoods in search of candy and parties this weekend, credit markets are seeing the resurgence of a different type of zombie. https://t.co/M7wZDIAJZe ...

Group 1 - Ares Capital Corporation (NASDAQ:ARCC) is highlighted as a trending investment opportunity despite concerns in the credit markets [2] - Bryn Talkington, Managing Partner of Requisite Capital Management, supports buying ARCC, referencing JPMorgan CEO Jamie Dimon's warnings about potential credit risks [2] - Talkington notes that ARCC and Blue Owl are trading 8% to 10% below book value, with expected yields around 10%, indicating potential for a 20% total return in the next year [2] Group 2 - The article mentions that while ARCC is a potential investment, there are AI stocks that may offer higher returns with limited downside risk [3] - A free report is suggested for those interested in an extremely cheap AI stock that benefits from Trump tariffs and onshoring [3]

Recent failures in the credit markets have fueled a frenzy around how much risk is sitting in private debt portfolios. But for Ares executives, the losses actually make private credit look good. https://t.co/tYfqTAwI3u ...

Core Insights - The article highlights the surprising resilience of high-yield bonds amidst a rising number of bankruptcies, particularly in the auto sector [1] Group 1: Bankruptcy Trends - Bankruptcies are increasing, especially within the automotive industry, indicating potential stress in this sector [1] Group 2: High-Yield Bonds Performance - Despite the surge in bankruptcies, high-yield bonds have shown unexpected strength, suggesting a divergence in market sentiment [1]

Chanos & Company President and Founder Jim Chanos says it's a "party like it's 1999" in credit markets. He speaks to Bloomberg's Scarlet Fu. ...

Credit Market Concerns - Credit issues are a persistent driver of bank returns and should not be ignored [1] - Lower-end consumers are experiencing financial stress, with rising delinquencies in car loans for lower credit quality borrowers [2] - High yield spreads are at historically tight levels, indicating investors are not adequately compensated for the risk [2] - The prevalence of issuing pay-in-kind zero-coupon bonds suggests companies lack sufficient cash flow to service their debt [3] - Private credit, characterized by fewer covenant protections and tighter spreads than traditional bank debt, poses a risk [3][4] - New private credit lenders may be vulnerable as they haven't experienced a full debt cycle [5] - Exposure is anticipated in private credit due to less secured products and weaker covenants compared to traditional high yield public debt [6] - The Hispanic community's reduced spending, potentially due to external concerns, is impacting the economy [7] - Public markets are trading at high valuations based on positive sentiment, making them susceptible to negative shifts in sentiment [9] Market Strengths - The stock market's strong performance is primarily driven by large, financially robust companies [9][10] - Major banks are more focused on high-net-worth individuals, reducing their exposure to lower-end consumer risks [11] - The credit markets are generally in good shape, except for the private credit sector [12]

I want to start with this recent announcement about a $10 billion equity investment that JPMorgan's going to be making in critical areas in the US in terms of companies. What does this entail in terms of building out staff, building out capabilities beyond what you already have. Well, first off, it's great to be here.Thank you very much. The strategy has two prongs and we're really excited about it. One prong is capital investment on our part.Arguably, equity in two different ventures of up to $10 billion. ...