The Fed is unable to contain inflation during 2022 but, instead, pins its hopes on oil price declines. Actually, the risks are high that oil prices will continue upward and cause new substantial impacts on the financial markets before the Holidays. Inflation is now a global issue with Central Banks not collaborating to fight it. China and Japan continue to inflate their economies causing more foreign money to flow into U.S. assets grabbing our higher interest rates. Prepare for a continuation of 2022 issues into 2023.

https://www.atlantafed.org/cqer/research/taylor-rule

By this rule and formula, short-term interest should now be 15% higher or at the levels before the 1980’s recessions…not the 2-3% presently.