Inflation: We've Seen This Movie Before…Or Have We?
The timing and magnitude of interest rate increases are challenging to predict, especially amid some of the varying economic indicators policy makers must weigh. While the world’s central bankers will want to ensure that global economies do not “overheat,” they must also be mindful of the sensitive economic recovery underway. That’s a delicate balancing act – even in times when there’s not a pandemic variable at play.