Performing Credit Quarterly 2Q2023: Fighting The Fed
The Insight by Oaktree Capital
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The Fed's Tug of War on the US Economy
In under three years, the administration has passed the $1 trillion bipartisan infrastructure law. The Inflation Reduction Act is the country's largest-ever investment in renewables and green infrastructure. Spending on US manufacturing construction in 2023 has nearly doubled year over year. This spike in spending may be helping to partially offset the impact of rising interest rates.
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