“In December, we expect the interest rate will quickly reach 350 basis points or higher (3.5%+), and it will likely remain in the 350~400 basis points range or higher throughout 2023 to curb high inflation. At present, commodities and stock markets have already pulled back from their recent peaks by around 30%~50%+, based on expectations of rising interest rates.
Source: https://www.coindesk.com/markets/2022/07/13/us-cpi-preview-inflation-likely-to-climb-to-new-40-year-high/?utm_medium=referral&utm_source=rss&utm_campaign=headlines