Added to this is the expected sequence of interest rate hikes. Everyone is guessing about the size and speed of these changes, primarily because it’s happening many months ahead of initial predictions. While this is alarming, one key thing to remember is that central banks aren’t trying to kill the economy; if inflation is being driven by hot demand, the idea is to take their lead feet off the gas pedal, not to slam on the brakes. It’s a delicate business, and we all hope they pull it off well.
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