THINK Ahead: How markets are right – and wrong – about rate hikes

AI Summary

Markets are anticipating multiple rate hikes by major central banks despite limited evidence of the energy crisis worsening inflation. Investors remain concerned about rising oil and gas prices, though actual policy measures may fall short of expectations.

Markets are pricing several rate hikes from the major central banks despite scant evidence that the energy crisis is seeping into broader inflation. Yet James Smith argues investors are right to worry about higher oil and gas prices, even if in the end, officials are more likely to underdeliver. Plus: our guide to a packed ...