Fed chairman Jerome Powell reinforced in his comments that the central bank’s primary goal is to tamp down inflation — which is running at a 40-year high — and that it will do what it takes to bring it closer to target.
The invasion of Ukraine is a shock to the system. It represents an overthrow of the world order we have known for the last 30 years.
When it comes to economic growth in the United States, the consumer is key, accounting for nearly 70%b of gross domestic product (GDP).
As we see a rocky start to investment markets and a barrel of oil reach $123.21 at the end of trading today, you may be wondering: where does the U.S. import its oil from?
Following Russia’s invasion into Ukraine, markets saw a sharp sell-off in risk assets, while safe-haven assets (i.e. Treasuries, USD and gold) outperformed.