A new Cobank report shows that the war in Ukraine is upending grain and energy markets, but it will not unwind global supply chains.
The report shows that the war will not totally take away the need for global trade, because the relationships are long-lasted, particularly in the commodity sectors. While fundamentals of the U.S. economy are strong, consumer dollars are not going as far as they did last year.
The Federal Reserve is determined to cool inflation, no matter the cost. Cobank expects the Fed to raise interest rates by 250-basis points this year with inflation declining by summer.
Related:
Faster and Higher Than Expected: Price of food may increase by 6%
The war in Ukraine prompts many questions for U.S. farmers
War is impacting Ukraine’s food supply and the world’s food security
War in Ukraine is adding fuel to the global shipping crisis