Rates to Keep Rising or Stay Elevated, Says BofA's Cabana

The video discusses the US fiscal system, emphasizing that there is no need to fear it due to the economy's robustness. It explores the demand for treasury paper and the trend of rising interest rates, suggesting that rates will remain high until macroeconomic data slows or investors de-risk. The concept of a 'normal for longer' interest rate regime is introduced, comparing it to pre-financial crisis levels. Investment strategies are discussed, advising neutrality until clear economic feedback is observed.

What factors does the speaker believe will influence the Federal Reserve's decisions on interest rates?

In what way does the speaker differentiate between short-term and long-term investment strategies?