The US Federal Reserve building in Washington on December 15, 2021. The Fed has been accused of ignoring rising inflation for too long, setting up equities markets for a nasty fall when interest rates eventually rise. Photo: Xinhua
Opinion
Opinion
The View
Expect a year of shock and recovery as interest rates and prices rise
- The stock market will fall once the Fed finally raises rates, but it is not yet time for the next big monetary collapse
- While there are many reasons to be cheerful, events are still building to a crescendo of worsening conditions in 2023
The US Federal Reserve building in Washington on December 15, 2021. The Fed has been accused of ignoring rising inflation for too long, setting up equities markets for a nasty fall when interest rates eventually rise. Photo: Xinhua
