How the Fed’s interest rate decision could affect the private credit market - Yahoo Finance

Dianna Carr-Coletta, PGIM Credit Managing Director for Middle Market Direct Lending, joins Market Catalyst's Julie Hyman to discuss how an expected decision by the Federal Reserve to raise interest rates could affect the private credit market and if it could lead to an uptick in defaults. And we're talking on the day that the Fed is expected to raise rates. What effect is that going to have on this sector? So this sector, I think if you look at the sector originally in 21 and 22, you were you were providing financing in a lower interest rate environment, right? And then you went through a very, very significant tightening. That has since eased slightly about about 100 basis points. So now we're talking about another tightening.