Editor's letter: All you have to fear is fear itself

Following the Fed's meeting on Thursday (27 January), interest rates were kept at 0.25%, but not without a stark warning that hikes will be on the cards soon. This may not come as a surprise to many, given the only way to have avoided the recent inflationary red flags would have been to live under a rock for the last year; inflation is already well above the US's target, unemployment rates are below estimates for the long-term maximum level and soaring energy prices have dominated every newspaper's front page over the last quarter. US inflation reaches highest peak in 40 years But ...