Supply chain disruptions sweeping major economies have reawakened an old nemesis for investors: stagflation.
... with oil topping $80 a barrel, global food prices a third more expensive than they were a year ago and other commodities at decade highs...
“Hiking will reduce demand a little bit and strengthen the currency. But it will have no impact on supply chain issues [ . . .] it won’t bring back lorry drivers.”
FT 30 September 2021