US rates set to rise more than expected, unlike European rates

Eddy Markus
Thursday, 8 September 2022
Eddy Markus

Central banks are having a hard time: skyrocketing inflation calls for strong monetary tightening, but economic growth is already weakening, so that interest rate hikes may push the economy too deep into a recession thereby triggering a credit crisis. Will central banks manage to navigate the narrow path of reining in inflation without causing a credit crisis?

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