Will the US be heading for a soft or hard landing? - Part 8

It looks increasingly probable that the US can't contain its sky-high inflation because the US Fed has no strong conviction to do so.  The swap market is indicating that the US Fed won't hike its fed rate beyond 3%.

No wonder CBO is projecting that the high inflation will last into 2023.

Furthermore, IIF has cut its global GDP growth forecast by half for 2022.

All these gloomy projections don't bode well for 2022.