While recent data in the U.S. has given some cause for hope that things are improving and inflation may soon be brought to heel, according to the Bank of International Settlements, moving forward, “monetary policy may well face an environment no less challenging than the one that has prevailed in the past decades,” with two factors that are “especially worrisome: fiscal trajectories and deep-seated adverse supply-side forces.” https://www.kitco.com/news/article/2024-07-01/bis-unsustainable-debt-supply-chain-issues-threaten-bigger-crisis-gfc