shery: for more analysis, let's bring in rajeev de mello with gama asset management.d to have you back. give us your take on what the implications are for asia when it comes to this very hot u.s. inflation print, not to mention the accelerated expectation for the fed rate hikes. rajeev: i think what i learned last night was the fact that inflation is still not moderating, that the market is priced at a terminal rate, the highest rate of the cycle is going to be higher than was thought before. until recently, it was more about adjusting and bringing rate hikes forward. now it is about not only bringing them forward, but also increasing them by more than expected. that is a shock for the rest of the world. until now, adjusting is manageable, but we could expect asia to start growing much faster now that the omicron variant is somewhat subsiding. in an environment of higher growth, it should -- if the fed is going to go with a very aggressive tightening and look to slow the u.s. economy beyond the neutral weight -- neutral rate, that is a much more worrisome risk asset a