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Interest Rates and Credit Market Outlook
This chapter explores the future of interest rates and yields in the context of inflation, tariffs, and Federal Reserve policy. It discusses the expected trends in credit markets for 2025, focusing on investment opportunities in high yield and leverage loans, as well as comparing U.S. and European markets. The chapter also addresses key sector dynamics, particularly the airline and rail industries, while considering the impact of global political situations on inflation and investment strategies.