In a supply-constrained world, reducing asset prices may be the only way for central banks to bring demand and inflation lower.
China boosts fiscal spending to support its growth target in 2022 amid lockdowns in Shanghai and other cities.
While the Ukraine conflict and sanctions on Russia have lifted oil prices higher, current prices may be temporary.
Companies are buying raw and intermediate goods at a record pace, which will influence economic growth in 2022.
The Fed’s policy changes will have implications for the U.S. Treasury market and other financial assets.