All unnecessary in my viewCentral Banks and bond market have gone mad here.....the conditions the fueled inflation, covid lockdowns for 2 years, 0% interest rates, money printing, are all gone now. Rates are restrictive. No one is borrowing at 8-10% to buy a pool or a lambo. Savings rate for GICs is 6% also incentivizing people to save. Yet we are to believe inflation is out of control, yeah sure cause companies can get away now knowing they can jack a bit their prices and call it inflation.
Time for this charade to end.
The next financial crisis is brewing, rates will be back at 1% before you know it