Of
Claus Hulverscheidt, Berlin
For a few weeks it looked as if America had finally found a promising strategy in the fight against the specter of inflation: The US Federal Reserve (Fed) made it unusually clear that it would raise interest rates in increments of 0, plans to raise it by 5 percentage points until the wave of inflation visibly subsides. President Joe Biden signed a series of executive orders designed to help overcome price-pushing supply issues. And while traders in the financial markets sold off some of their shares as a precaution, they did not allow themselves to be carried away into herd-like panic selling.