Why are interest rate rises not taming inflation?

In its “base line scenario,” Capital Economics, an independent research firm based in London, projected in late March that there would be a swift end to the war and a return to normal oil flows. It...

“We expect a divergence to open up between the loosening cycles of the Fed and the ECB as mounting inflation risks cause the former to take a fairly cautious approach, while the latter responds...

Jennifer McKeown, chief global economist at Capital Economics, now expects higher rates to “push most advanced economies into recession in the months ahead”.