The Fed's Rate Hiking Campaign Creates Ripe Conditions For Private Credit Lenders
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Jerome Powell pulled no punches on Tuesday, telling Congress directly, and Wall Street indirectly, that inflation is still running hot. So he's not done hiking rates just yet.
And while no major player in finance likes inflation, the spate of recent rate hikes has created an opening for private credit players to edge out big banks in loan financing deals. This week saw private credit lenders preparing for their biggest deal ever.
Source Fool.com
