Is the Fed Going to Avoid Recession?

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Any time the fed raises rates aggressively, it leads to a recession. The better news is that there's reason to think that if there is a reception, it will be a relatively mild one. But ultimately, the biggest concern for the economy is that inflation is allowed to get out of control. At that point, the fet is going to have to tighten even more aggressively.

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 The poor performance of Russian tanks in Ukraine has led some to wonder whether the tank itself is obsolete.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