We're clearly in a risk-on environment

In this Livewire Exclusive video, Vimal Gor, Head of Fixed Interest & Income at BT Investment Management, described Yellen’s recent speech at Jackson Hole, "The Federal Reserve's monetary policy toolkit: Past, present, and future" as a ‘damp squib’, i.e.: a ‘fizzer’. He says: “There have been lots of conversation about the long-term neutral rate of interest in the US and the current monetary policy settings, and what we got was not much information about anything in the end.” Gor believes the Fed want to put rates up, but thinks one or two hikes in the next few years is more realistic.