Fed Expectations Are the Grail, if You Will.

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Central bankers are concerned that inflation expectations are becoming unanchored. They believe rates will have to go above three per centage points before t the end of this year. The totality of rate rises through this year and early next year, yes, they probably will be enough to start raning in price increases.

America’s central bank raised rates by .75% yesterday—the biggest increase in almost 30 years. Whether that will help tame rising prices without triggering a recession is unclear. The poor performance of Russian tanks in Ukraine has led some to wonder whether the tank itself is obsolete. And the rousing, darkly humorous defiance of Ukrainian war anthems. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer