Is the Spike in Commodity Prices Sustainable?
It’s just one example of how the global economy is being disrupted by Russia’s invasion of Ukraine. Russia provides about 20% of the world’s nickel supply.
It’s just one example of how the global economy is being disrupted by Russia’s invasion of Ukraine. Russia provides about 20% of the world’s nickel supply.
Last week, the Federal Open Market Committee (FOMC) delivered on a very well communicated 25 bps hike, raising its federal funds target range to 0.25%-0.50%.
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).