By Matt Wagner, CFA, Modern Alpha Analyst
Last year, we touched on a Federal Reserve (Fed) financial stability report that highlighted elevated corporate leverage as a vulnerability to the financial system. Following that report, the Fed hiked rates in December and signaled further rate hikes for 2019.
You can be excused for shrugging this off. If the economy were in trouble, why would the Fed be raising rates?
But with the Fed officially putting further rate hikes on hold for 2019 and publicly acknowledging some softness in the global economy, it may be time