Market Trying to Push Fed Into Doing Something: HSBC’s Major

The transcript discusses the market's preparation for the inevitable tapering by the Fed, emphasizing the importance of consistent communication due to market sensitivity. It highlights the Fed's strategy to signal tapering without causing confusion, noting the market's tendency to react to rumors. The conversation shifts to the concept of regime change, focusing on the need for persistent changes in real rates and GDP growth. The discussion concludes with an analysis of market repricing, emphasizing the significance of real yield shifts over inflation expectations.

What does the speaker believe is needed to move the potential GDP of the US higher?

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What is implied about the current investment spending plans and their impact on real rates?

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