About this episode

The episode discusses the market implications of the Fed's recent decisions and the longer-term effects on various economic factors.

In the second part of their conversation, host Aymeric Poizot and Fitch Chief Economist Brian Coulton turn to the market fallout from the latest FOMC meeting and what the Fed's reset means over the longer term. They unpack the bear-flattening of the Treasury curve, the role of falling oil prices and stretched equity valuations, and how a smaller Fed balance sheet, rising supply, and a higher term premium could keep yields elevated. The discussion closes with the credit implications of a "higher for longer” environment from leveraged borrowers and government debt to the pressures facing the housing market.

People in this episode

Host: Aymeric Poizot

Guest: Brian Coulton

Topics covered

• market fallout
• Fed reset
• Treasury curve
• oil prices
• equity valuations
• credit implications
• housing market

Keywords

• Fed reset
• Treasury curve
• oil prices
• equity valuations
• credit implications
• housing market
• FOMC meeting

Mentioned in this episode

Organizations: Fitch Ratings

More episodes of Fixed Interests

• Innovation In Credit: New Structures, New Opportunities for Debt Investors · July 20, 2026 · 6 min
• El Niño Part 1: Impact on Emerging Market Sovereign Credit · July 13, 2026 · 5 min
• Deteriorating Outlook on GCC banks · July 9, 2026 · 5 min
• Analysis of Latest Trends from the Global Bank Forecast Monitor · July 8, 2026 · 5 min
• The Fed Reset, Part 1: A New Chair, A New Tone · July 1, 2026 · 6 min
• Global Economic Outlook - Oil Shock Drives Growth and Inflation Revisions · June 24, 2026 · 14 min

Explore listener stats, chart rankings, contacts and more on the Fixed Interests podcast page.