Markets in 3 Minutes: 2-Year Yields, Fed Rates, Not a Crisis

The video discusses the recent changes in the two-year note yield, highlighting an average daily change of 25 basis points since March 7th. It explores factors influencing these changes, such as the Fed funds rate, inflation forecasts, and credit crunch. The market's expectations of rate cuts contrast with the Fed's stance, which does not foresee immediate rate reductions. Potential economic scenarios, including a recession, are considered, with the possibility of further rate hikes. The video concludes with a brief mention of other financial topics like FX markets and crypto.

How does the market's expectation of rate cuts differ from the Fed's stance?

What is the speaker's outlook on the US economy and potential recession?