Now it’s playing with emotion.or fear due to inflation but it’s from war and oil. They are showing a pattern as we get to the end of the year, if he didn’t raise it last time he will this time and if he doesn’t this time he will next time.
Question is will raising rates bring the cost of oil down thus inflation down? Can’t see how other than gradual job loss that will then not recover easily because of it and they won’t be driving but not a big impact on global demand.