Payden's Trevithick: Fed can 'still orchestrate a pretty soft landing'

Money Life with Chuck Jaffe

Natalie Trevithick, head of investment grade corporate bonds at Payden & Rygel, says that companies prepared for the high-interest rate environment in advance, in ways that have allowed the bond market to avoid the rise in defaults that typically hits during rate hikes, but that also contributed to stronger economic growth, which has allowed inflation to be sticky without a lot of pain to the economy. It's part of why the inverted yield curve hasn't indicated a recession yet, and Trevithick thinks the Fed should be able to pull off a soft landing for the economy if it starts cutting late this year or potentially in 2025. Cassandra Happe discusses WalletHub's just-released 2024 Social Media Shopping Survey, which found that most consumers say social media is contributing to their bad spending habits and mistakes. JoAnne Feeney, partner and portfolio manager at Advisors Capital Management, brings her top-down approach to the Market Call.