Exchange and interest rate expectations for the remainder of 2022
At the start of 2021, the US Federal Reserve, the institution that sets that country’s interest rates, argued that the high levels of inflation apparent at the time were transitory and the result of the world emerging from the economic effects of the COVID-19 pandemic.
Almost 18 months on, US inflation had climbed to 8,5% for the year ending in March, a level not seen since 1981, and there seems to
