BNP's Robson Expects Rates to Stay Higher-for-Longer

The transcript discusses the expectation that interest rates will remain high for an extended period, possibly into 2024, with no major policy shifts anticipated from the Federal Reserve. Credit markets show low risk pricing, and the tech sector, particularly NVIDIA, is influencing rate volatility. Market sentiment is cautiously optimistic, with increased investor risk appetite. The upcoming Jackson Hole symposium is expected to address structural rates, with potential impacts on market risk.

What is the expectation regarding the Federal Reserve's policy shift heading into Jackson Hole?

How might a higher neutral rate affect the implementation of rates according to economists?

What factors could influence the tech sector if rates remain higher for longer?

What is the current sentiment in the credit market as the symposium approaches?

What are the potential risks associated with the current market sentiment as discussed in the text?