Fed Will 'Talk About Talking About Tapering': BofA's Cabana

The video discusses the Federal Reserve's focus on tapering and administered rates, highlighting the anticipation of discussions around tapering conditions. It analyzes the 2023 dots and market expectations for rate hikes, noting that the market is already pricing in potential hikes. The Fed's current stance is to keep rates on hold, waiting for data to necessitate changes. The market is seen as ready for preliminary tapering discussions, with a significant portion of clients expecting tapering to start in the first quarter of next year.

What is the significance of the 'dots' mentioned in relation to the Fed's decisions?

What does the speaker believe about the Fed's readiness to taper at the moment?