JP Morgan's Berro on the Narrow Treasury Yield Curve

Kelsey Barrow from JP Morgan discusses market movements, Fed's inflation forecasts, and the potential timing of the first rate hike, expected in 2023. She highlights optimism about economic growth, driven by payrolls and fiscal policies like the American Recovery Plan. The discussion also covers the Fed's tapering strategy, focusing on Treasurys and MBS, amidst a booming housing market.

What are the implications of the Fed's uncertainty about their inflation forecasts?

Discuss the potential timeline for the first rate hike according to the discussion.

What factors contribute to the optimism about growth mentioned in the conversation?

How does the American Recovery Plan impact the economy according to the speaker?

What is the expected approach of the Fed regarding the tapering process?