Risk
Warning: Tossing Russian Banks From the International System Could Backfire
Credit Suisse says removing the lenders from SWIFT may lead to problems similar to the 2008 and 2020 panics.
Current projections say there will be two hikes in the latter part of 2022.
None of the shock that came with the Fed’s 2013 move has appeared. And, anyway, equities seem to have a special immunity to QE’s fate.