Cazenove Capital’s Mui Sees a Modest Recovery for the U.S. Economy

The video discusses the current economic situation in the US, focusing on the Goldilocks scenario where employment growth is strong, and inflation remains subdued. The Federal Reserve's patience is seen as beneficial for economic momentum. The discussion also covers the potential for a modest economic recovery in the second half of the year, despite the fading impact of fiscal stimulus. Additionally, the video analyzes the US 10-year Treasury yield, suggesting potential upside if economic activity rebounds or inflation picks up, which could lead the market to reassess the Federal Reserve's interest rate guidance.

What does the speaker suggest about the future of the 10-year Treasury yield?

What implications does the speaker foresee if inflation picks up in the economy?