Escalating Russia-Ukraine crisis could help the Fed engineer a soft landing
The rapidly escalating tensions between Ukraine and Russia have cast fresh uncertainty on the Federal Reserve’s policy outlook and could force central bank officials to take a more nimble approach as they begin raising interest rates for the first time in three years.
“Overly restrictive monetary policy could result in an outright policy error especially if the business cycle continues to deteriorate,” JPMorgan Chase strategist Dubravko Lakos-Bujas wrote in an analyst note to clients this week. “At the same time, the Russia/Ukraine crisis could force a reassessment of the Fed tightening path resulting in central banks turning less hawkish, while policymakers may consider additional fiscal stimulus.”
Stocks fall as Ukraine declares state of emergency
Ukraine has officially declared a 30-day state of emergency and is urging its citizens in Russia to flee as Kyiv prepares for a potential invasion by Russian forces. Ukraine has been hit by massive cyber attack per reports spooking investors and sending stocks lower.
Stocks open higher as investors monitor Russia-Ukraine tensions
ICYMI: Home Depot latest…
incoming CEO talks rising lumber prices…
Lowe’s raises full-year forecast as home improvement demand holds steady
The surge in spending on do-it-yourself home projects seen during the early stages of the pandemic has so far held up better than feared even as restrictions ease, while builders and handymen are upgrading their toolkits to complete a backlog of delayed projects.
Stock futures attempt rebound as traders examine sanctions on Russia
Bitcoin price remains volatile trading above $38,000
S&P 500’s correction could deepen if Ukraine-Russia crisis escalates
The S&P 500 entered correction territory Tuesday, down 10% from its last peak, as investors weighed the conflict and fresh U.S. and U.K. sanctions on Russia. For the year, it’s down over 9%. Continue reading