so today it may not be wise to assume that the FED will hike interest rates into double digits to lower the CPI/inflation rather - the interest rates are headed down, bc of challenge in refinancing debt that’s what I meant by focusing on historical patterns from this century
ex: in the 1980's US fought high inflation by raising interest rates towards ≈20% if the FED did that today - the global financial markets, alongside the US would be destroyed. there wouldn’t be enough liquidity to refinance the debt