The common refrain of “things will get worse before they get better” paints a vivid but sobering picture of the challenges that lie ahead for fixed income markets as elevated inflation numbers test the resolve of central bankers. When the last of the accommodative monetary and fiscal policy washes through, what should we expect? Should we worry the Fed may be making a policy error? Join Jim Cielinski, Global Head of Fixed Income, as he looks at 2022 and the scenarios that might occur as the year unfolds.