Fed on the Way for 2 Hikes by End of Year, Says Vanguard's Wang

The video discusses the US Federal Reserve's policy and its impact on inflation and interest rates, predicting upward pressure on the US Treasury yield and dollar. It examines the yield curve as a potential indicator of economic downturns, noting its historical significance. The discussion shifts to China's currency policy, highlighting the yuan's depreciation due to US rate hikes and China's monetary stimulus. The video emphasizes the importance of monitoring these economic indicators and the potential for market intervention if currency depreciation accelerates.

What factors are influencing the US Treasury yield and the US dollar according to the text?

How does the yield curve's flattening relate to potential economic downturns?

What is the significance of the yuan reference rate mentioned in the text?

What are the implications of China's current account surplus shrinking?

How are policymakers in China responding to currency depreciation?