Major: Fed Speeches Manipulating Market Probabilities

The transcript discusses the timing of Fed rate hikes, highlighting the challenges in the current economic environment. It explores the need for higher yields in the asset management industry and the Fed's strategy to balance probabilities without causing market shocks. The discussion also covers the long-term path of interest rates and the concept of the real natural rate of interest.

What are the concerns regarding the current environment for raising Fed rates?

What do asset managers need in terms of yields, and why is it a problem for their business?

What is the significance of the Fed's speeches in relation to market expectations?

How does the speaker view the potential for future rate hikes over the next eight years?

What is the rationale behind hiking rates according to the discussion, and is it considered a good reason?