Fed Buying Stocks Highly Improbable, Says Emirates NBD

The transcript discusses the Federal Reserve's current agenda, focusing on the implications of buying stocks and the taboo surrounding it. It explores the concept of negative interest rates and their impact on the balance sheet. The conversation shifts to curve steepening as a consensus trade on Wall Street, driven by expectations of negative rates and issuance at the longer end. The discussion highlights the supply and demand effects on interest rates and market growth expectations.

How does the speaker view the relationship between negative interest rates and the current economic situation?

What is the speaker's perspective on the potential for a steepening of the yield curve?