Recession prevention is more important than the fight against inflation

Ron Markus
Monday, 16 May 2022
Ron Markus

The markets are discounting that at the end of the year the Fed and the  ECB have tightened monetary policy to such an extent that the economy will slow down significantly. There are a number of reasons why the markets are now anticipating too much rate hikes. Therefore, we expect a temporary decline in long-term interest rates in the coming months.

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