Investors adjust as Fed hikes, worry about clouds on horizon
Investors are racing to work out how much monetary policy tightening the economy can handle as the U.S. Federal Reserve embarks on its rate-hike cycle, with some expecting an even steeper path ahead as others fret over possible missteps.
The Fed’s first rate hike since 2018 on Wednesday was baked into markets, but the central bank surprised by projecting the equivalent of a...
World Bank’s Malpass warns against hoarding of food or gasoline
World Bank President David Malpass on Monday warned people and businesses against hoarding food and gasoline despite the surge in prices sparked by Russia’s invasion of Ukraine and massive sanctions imposed on Moscow.
Malpass told a virtual event hosted by the Washington Post newspaper the sanctions would have a bigger impact on global economic output than the war itself. But he said...
Oil, wheat, nickel storm higher on fears of supply chaos
Summary
Nickel prices surge 76% to $51,000 a tonneGold breaks above $2,000/oz on Russia-Ukraine warOil jumps to 2008 highs as U.S., Europe mull Russian import banWheat at 14-year top as Black Sea war tightens world supplies
Commodity prices went on the rampage on Monday as industrial buyers and traders scrambled to source raw materials hit by supply disruptions caused by Russia’s...