compose: docker-compose-up fails to fetch remote images

Description of the issue

If an image used by docker-compose.yml is not cached locally, running docker-compose up will fail with the errors shown below (appears to be related to credentials).

Context information (for bug reports)

Output of docker-compose version

docker-compose version 1.24.1, build 4667896b
docker-py version: 3.7.3
CPython version: 3.6.8
OpenSSL version: OpenSSL 1.1.0j  20 Nov 2018

Output of docker version

Client: Docker Engine - Community
 Version:           19.03.2
 API version:       1.40
 Go version:        go1.12.8
 Git commit:        6a30dfc
 Built:             Thu Aug 29 05:26:49 2019
 OS/Arch:           darwin/amd64
 Experimental:      false

Server: Docker Engine - Community
 Engine:
  Version:          19.03.2
  API version:      1.40 (minimum version 1.12)
  Go version:       go1.12.8
  Git commit:       6a30dfc
  Built:            Thu Aug 29 05:32:21 2019
  OS/Arch:          linux/amd64
  Experimental:     false
 containerd:
  Version:          v1.2.6
  GitCommit:        894b81a4b802e4eb2a91d1ce216b8817763c29fb
 runc:
  Version:          1.0.0-rc8
  GitCommit:        425e105d5a03fabd737a126ad93d62a9eeede87f
 docker-init:
  Version:          0.18.0
  GitCommit:        fec3683

Output of docker-compose config

services:
  anything:
    image: nginx
version: '2.0'

(nginx is used as an example here but any docker hub image will do)

Steps to reproduce the issue

1. Ensure you do not have the configured image locally
2. Run docker-compose up

Observed result

An error (see below)

Expected result

Image is downloaded

Stacktrace / full error message

Pulling anything (nginx:)...
Traceback (most recent call last):
  File "site-packages/dockerpycreds/store.py", line 80, in _execute
  File "subprocess.py", line 356, in check_output
  File "subprocess.py", line 438, in run
subprocess.CalledProcessError: Command '['/usr/local/bin/docker-credential-desktop', 'get']' returned non-zero exit status 1.

During handling of the above exception, another exception occurred:

Traceback (most recent call last):
  File "site-packages/docker/auth.py", line 264, in _resolve_authconfig_credstore
  File "site-packages/dockerpycreds/store.py", line 35, in get
  File "site-packages/dockerpycreds/store.py", line 93, in _execute
dockerpycreds.errors.StoreError: Credentials store docker-credential-desktop exited with "No stored credential for https://index.docker.io/v1/".

During handling of the above exception, another exception occurred:

Traceback (most recent call last):
  File "docker-compose", line 6, in <module>
  File "compose/cli/main.py", line 71, in main
  File "compose/cli/main.py", line 127, in perform_command
  File "compose/cli/main.py", line 1085, in up
  File "compose/cli/main.py", line 1081, in up
  File "compose/project.py", line 527, in up
  File "compose/service.py", line 354, in ensure_image_exists
  File "compose/service.py", line 1222, in pull
  File "compose/progress_stream.py", line 102, in get_digest_from_pull
  File "compose/service.py", line 1187, in _do_pull
  File "site-packages/docker/api/image.py", line 381, in pull
  File "site-packages/docker/auth.py", line 48, in get_config_header
  File "site-packages/docker/auth.py", line 322, in resolve_authconfig
  File "site-packages/docker/auth.py", line 235, in resolve_authconfig
  File "site-packages/docker/auth.py", line 281, in _resolve_authconfig_credstore
docker.errors.DockerException: Credentials store error: StoreError('Credentials store docker-credential-desktop exited with "No stored credential for https://index.docker.io/v1/".',)
[3629] Failed to execute script docker-compose

Additional information

I have never signed in to the docker daemon (I do not have an account).

Pulling the image first (i.e. docker pull nginx) makes the command succeed.

OS version: macOS 10.14.6