Yield Curve to Get Flatter, Invert: Axonic's Cecchini

The transcript discusses the current state of the market, focusing on the Federal Reserve's potential movements and the surprising market reactions to interest rate changes. It highlights the sensitivity of equity markets to rate fluctuations, drawing parallels to the 2018 market scenario. The discussion also covers the expected flattening of the yield curve and the anticipated economic slowdown. Predictions are made about future yield movements, with an emphasis on the stability of two-year yields and the potential for a flight to quality in response to market risks.

What does the speaker imply about the Fed's ability to manage the economy?

What does the term 'flattening' refer to in the context of the yield curve?