The three risks on markets and the economy with the Fed becoming more aggressive

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First came economic growth, a post-Covid boom that gave hope for a new post-war miracle worthy. Then came inflation, but for months investors and central banks lulled into the belief that it was temporary. Now, in 2022, the increase in interest rates arrives: the news on Monday is not only the Nasdaq falling (since the beginning of the year it has lost more than 6%), but also the fact that the yields of 10-year government bonds have reached peaks never seen in the era of Covid …