Market turmoil threatens to undermine efforts to curb inflation, says BIS

Financial Times/Delphine Strauss/12-5-2022

“Central banks could be forced to backstop crucial parts of the financial system that are vulnerable to higher interest rates, undermining their attempts to fight inflation, the Bank for International Settlements warned on Monday.”

USAGOLD note: Most of Wall Street anticipates recession concerns as forcing a Fed pivot, when it could come the result of a sudden, unexpected breakdown somewhere in the credit system. The warnings from prominent players keep coming: Beware the black swan.