Market Week: March 21, 2022
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%.
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).
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?