Short one today – don’t have much to talk about. No more than a few weeks ago inflation was all anyone could talk about. The discussion was whether there would be a 0.50% rate hike vs a 0.25% hike.
Here’s where we sit today, as a result of war in the Ukraine and its potential to slow the economy:
More headwinds are rearing their heads. As the expectation for growth starts to slow, commodities are spiking in price. Crude oil is up 9% today at $104, a far cry from negative crude oil in 2020 and ~$60 pricing one year ago.
Inevitably the term Stagflation will likely become a greater part of the conversation. That is, when inflation is material and growth is stagnant, a terrible combination.