financial turmoil. global banks Prepare for the impact of sanctions It aims to limit Russia’s access to foreign capital and restrict its ability to process payments in dollars, euros and other currencies essential to trade. Banks are also wary of retaliatory attacks by Russia.
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Worries about an economic slowdown in the US and abroad weighed on investors’ minds throughout the month. Businesses and consumers have already incurred higher commodity and transportation costs as inflation rises 8.5 percent In the year to March.
But the conflict inside Ukraine The shutdowns in China have also caused volatility in energy markets, with crude oil rising in early March before slipping slightly in April. This also extended to the stock market.
“There was a swinging pendulum,” Ms. Green said. “We’re going from saying oil prices are too high to saying oil prices will go down because we don’t have the demand that we thought we were going to see.”
Brent crude futures, the international benchmark, rose about 2.5 percent on Tuesday to about $105 a barrel. West Texas Intermediate crude, the US benchmark, rose 3.2 percent in June to $101.70 a barrel.
Investors are also competing with the Federal Reserve’s approach to raising interest rates in the coming months to cool inflation. Although Wall Street has already priced in several rate hikes this year, Federal Reserve officials have agreed more aggressive This month is about their willingness to raise interest rates quickly to curb inflation, and analysts fear the central bank could push the economy into recession.
“The only way to calm inflation is to destroy demand and increase unemployment,” said Jean Boivin, president of the BlackRock Investment Institute. “It won’t be as easy to hike rates as markets expect.”
Mohammed Hadi Participate in the creation of reports.
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