Vanguard, one of the largest asset managers in the U.S., is advocating for high-quality corporate debt as the U.S. economy approaches a potential turning point. The firm is prioritizing investments in high-rated credit over riskier high-yield bonds to safeguard against the risks of a sharper-than-expected economic downturn. Vanguard also suggests that this is an opportune moment for credit investors to allocate funds before the Federal Reserve begins to lower its policy rate.