Markets seem to think the worst is over; central bankers are not so sure. We ask why determining the trajectory of inflation is so difficult. Millions of refugees have poured out of Ukraine since the war began; their uncertain futures make setting up home tricky—for them and their host countries’ governments. And how technology is transforming the sport of ice fishing.For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer Hosted on Acast. See acast.com/privacy for more information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.