Another example would be debt-focused business development company PennantPark Floating Rate Capital (NYSE: PFLT). While it would appear that the central bank's monetary policy is working as intended, a deeper dive suggests the Fed is actually losing the battle against inflation, with no clear fix in sight. The housing market is effectively frozen by a historic ramp-up in mortgage rates, and landlords/rental communities have exceptional pricing power as a tailwind, with no clear end in sight.