Ok game theory time...

Lets assume JPow has lost control of inflation and the only solution is to completely crush demand via a recession. Our analogue is Voelker

On February 22, 1982, the S&P 500 Price Index dropped to 111.59, down -20.59% from its prior high on 11/28/1980. The market had been dropping for 451 days (1.2 years). The S&P 500 bottomed 171 days later on August 12, 1982 at 102.42, down -27.11%.

By the time the stock market had bottomed, inflation had been reduced 8.54% and was only 5.04%.

Just buy the dip you regards if you see Papa pow start hinting at 7% terminal rate