• It really looks we are back to the 1970s, with an energy crisis, galloping inflation, sharply rising interest rates, the UK government looking to borrow its way out of a recession, while a sullen Russia is ramping up military operations again, this time as it doubles down on its war in Ukraine ...
• There has been a dramatic re-pricing in interest rate markets over the past two months across the globe ...
• The Fed has been to the vanguard in arguing that restoring price stability will require a restrictive policy stance for some time and cautioning against prematurely loosening policy ...
• Of course, there has seldom been as much uncertainty about the economic outlook and central bankers are even divided on their very near term rate views. ..
• Markets and central bankers remain very sensitive to current inflation readings ..
• Inflation data will also be to the fore in the US this week ..
• It is an important week in Ireland, with Budget 2023 set to be unveiled on Tuesday

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