US 10-Year Yields Have Likely Peaked, Bernstein's Contopoulos Says

The video discusses the challenges in breaking through the fall highs of 4.35, influenced by factors like tax cuts in England and the Bank of Japan's currency defense. It highlights the role of the Fed in managing growth and inflation expectations, suggesting that the 10-year yield may not rise significantly if the Fed remains credible. The speaker expresses confidence in the Fed's ability to manage inflation and growth, predicting lower 10-year yields as the ultimate outcome, despite potential uncertainties along the way.

What are the potential consequences of failing to anchor inflation expectations according to the speaker?

What does the speaker mean by 'the end game' in the context of economic growth?