Markets Willing to Price In More Fed, ECB Hikes: SocGen's Rajappa

The transcript discusses the peak rates in the current hiking cycle at both the ECB and the Federal Reserve, highlighting the challenges in determining which is more achievable. It emphasizes the efficient market pricing for higher yields and policy adjustments in the US and Europe. The real risk lies in data disappointments, which could lead to lower yields and missed market expectations. The momentum from the fourth quarter and strong first-quarter GDP in the US suggest the market may adjust to more rate hikes from both the Fed and the ECB.

How is the first quarter GDP in the US expected to perform according to the text?

What factors are influencing the market's willingness to adjust to data changes?