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How will the Russia-Ukraine war affect the markets?
The eyes and ears of the whole world are on the Russia-Ukraine war… The war stirred up the markets in a negative way. Fed Chairman Jerome Powell said, “Russia’s invasion of Ukraine has a high degree of uncertainty on the US economy. I think it is appropriate to increase interest rates in March.” Fed Chairman Jerome Powell’s presentation to the Financial Services Committee of the US House of Representatives has been published. Powell said in March that he thought a rate hike was appropriate.
Fed Chairman Jerome Powell’s presentation to the Financial Services Committee of the US House of Representatives has been published. Powell said in March that he thought a rate hike was appropriate.
Powell stated that there is high uncertainty about the effects of the war in Ukraine on the US economy.
Powell said, “I think it is appropriate to raise interest rates in March. Russia’s invasion of Ukraine creates high uncertainty on the US economy. The Fed is watching the situation closely. We will start to reduce the balance sheet after the rate hike process begins. Supply disruptions have grown larger and will last longer than expected. ” he declared..
