It’s not easy to say this out loud. They included a crisis in commercial real estate; possible signs of an incipient wage-price spiral that could complicate the Fed’s battle with inflation; skepticism about the inflation fight in the bond market; and the chance that inflation could flare up again, pushing the Fed to raise rates further and plunging the economy into a recession. But there are no guarantees, and because experience shows that setbacks occur regularly, it’s also important to prepare for any eventuality by keeping plenty of cash on hand to pay the bills