Fed Rates Are on Hold for Some Time, Says HSBC's Major

The video discusses the potential steepening of the US yield curve, influenced by the Federal Reserve's stance on interest rates. It explores market expectations, the risk vs reward framework, and the impact of inflation and wages on economic forecasts. The speaker highlights the need for adjustments in market predictions due to recent movements, emphasizing opportunities in the yield curve rather than duration calls.

What does the speaker suggest about the relationship between wages and inflation?

What changes does the speaker anticipate in the market's forecasts for the end of 2019?