Authored by Law Ka-Chung via The Epoch Times,

Playing a dangerous game with rate hikes...

High inflation has harassed the world for over a year. It's troubling that although the financial market has come down significantly, against a backdrop of aggressive interest rate hikes, the latest economic figures show that a recession is not imminent–especially as both non-farm payroll and unemployment rates are still very healthy.

This means that rate hikes will not end soon. Moreover, there is a high chance that the Federal Reserve (Fed) will overdo it on interest rates, because the policy effect has a 1.5 to 2 year lag, meaning it will not be realized until fall of 2023.