Mark Matthews, MD, Bank Julius Baer & Co, believes that the US Federal Reserve may not need to raise interest rates multiple times. According to him, it takes a while for interest rate hikes to filter through the economy. Matthews is of the opinion that the Centre’s focus will be on divestment in the upcoming Union Budget. He is pretty sanguine about the correction in the US stock markets, Matthews mentioned that the S&P 500 corrects every 18 months. He said, ‘I do think that inflation will go down and we do not talk about COVID much anymore but it is the key reason why inflation is high; it is due to bottlenecks in the supply chains, causing prices to be high’ . . .