Rate hikes have had quite an impact on sentiment.
In fact surveys suggest that consumer sentiment is now lower than at the nadir ensuing from the Zombie apocalypse of 2020.
It's the lowest level since the global financial crisis of 2007-2009.
Still, financial markets are pricing for 11 basis points for April, and about the same again for May, suggesting that another interest rate hike before the end of this cycle remains likely.
