Nomura: Fed Likely To Raise Rates by 75bps In June & July

The transcript discusses the Federal Reserve's monetary policy, focusing on rate hikes and their potential impact on the US economy. It highlights the risks of inflation and the need for a slowdown in GDP growth to manage labor market momentum. The discussion also covers forecasts for treasury yields and interest rates, with an emphasis on the potential for a recession. The analysis suggests a medium-term recession risk but notes that the current labor market remains strong.

What is the expected peak for the 10-year yield according to the speaker?

What factors contribute to the speaker's view on the near-term recession risk?