If central bankers continue with interest rate hikes, a lot of money will have to go to debt payments taking cash out of the system. That cannot help but reduce consumer demand for a lot of commodities and a lot of consumables. It wouldn't take much at the margin, e.g. a reduction of 3-5 million barrels per day of oil to send oil prices back down to $70 or more. Imagine the drop in demand (and used car prices) for vehicles when financing costs rise to 8% or more. That is standard recession type stuff so many of the causes of current inflation will indeed vanish.I think they will still deliver on promised hikes and QT to maintain credibility. The extent of which may be muted if we see inflation wane and the market fall. My fear is that they cannot curb inflation as some profess the major causes are beyond the Fed (and BoC)'s reach. If that occurs we may see a a major collapse akin to 2008 or worse. A sharp crash and reversal would be better than a decade of slow decline. I think it would shake out a lot of non investors. I can't predict the future so I just hold my nose and try to steer into the skid. I placed some orders on a:beautiful reverse high day such as this. My portfolio was down just under .5% today. VEQT 1.25% Tomorrow it could be the inverse. I am not ecstatic about the YTD returns but understand that 10 and 20 percent declines are normal market action.