Just as we were looking to a return to some semblance of post pandemic normalcy, the Ukraine conflict and resulting geopolitical stress have further complicated the macro landscape for 2022. The extended disruption to global supply chains and surge in commodity prices mean that major central banks now face the near impossible task of easing inflation pressures without slowing economic growth. Manulife Investment Management believes that concerns over high inflation will ultimately give way to worries about slower growth. We anticipate the pace and magnitude of rate hikes from the US Federal Reserve to fall short of market expectations. This means that fund values, especially for aggressive funds, would likely benefit from more accommodative central banks. Learn more about macroeconomic themes for Asia-Pacific, North America, Europe and Latin America: http://ow.ly/2jEN50IG7VN Disclaimer: http://ow.ly/gb3a50IG7VP #ManulifeMoneyMatters #InvestwithManulifeIM #UITF