SPGI - S&P Global Inc. (SPGI) Bernstein's 40th Annual Strategic Decisions Conference (Transcript)
2024-05-31 17:19:05 ET
S&P Global Inc. (SPGI)
Bernstein's 40th Annual Strategic Decisions Conference Call
May 31, 2024, 08:00 AM ET
Company Participants
Doug Peterson - President & Chief Executive Officer
Presentation
Unidentified Analyst
Okay. We'll get started here. So, good morning, everyone, and welcome to the final day of the SDC. Our first session here will be with S&P Global. I'm very pleased to once again welcome back Doug Peterson, President and CEO of S&P Global. Welcome back, Doug, and thank you very much, as always, for participating in the conference.
Doug Peterson
Thank you, Christian. It's great to be here today. Thank you.
Question-and-Answer Session
Q - Unidentified Analyst
Fantastic. Doug, I thought we'd just maybe sort of a big picture and talk about the macro backdrop. Your business touches so many different end markets, financials, energies, autos, et cetera. Can you just briefly talk through how you're viewing the macro backdrop and any implications for your business?
Doug Peterson
Well, let me start -- first of all, thank you for having us here today, and it's great to see everyone. When we think about the macro backdrop, let's take one step back for a second and discuss how important it is that we're involved in that macro backdrop and that we see so many tailwinds coming out of it. Right now, clearly, there's a lot of volatility in the market. There's a couple of wars. There's a lot of questions about interest rates, but we're watching interest rates quite closely. And because of these big macro trends, they're impacting things like the sustainability environment, what's happening with the energy transition. We see private markets starting to have an influence in how markets are coming together. There's much more of a flattening of the markets.
Within the backdrop, we expect our house view is that interest rates in the U.S. will be decreased one time 25 basis points in the fourth quarter. Our original outlook was for three times this year, starting in June. But growth is strong, which is actually quite good for our business. Overall, when you see growth, that's good for our business. But some of the volatility in the capital markets and the banking sector does create some headwinds for us here and there. But overall, with the longer-term trends, we're seeing a lot of tailwinds, and we feel quite optimistic about our business mix, what we put together and how we've been executing....
S&P Global Inc. (SPGI) Bernstein's 40th Annual Strategic Decisions Conference (Transcript)