Russia’s Invasion of Ukraine Just Made the Fed’s Inflation Problem A Lot Bigger

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The Street

By Martin Baccardax Bets on big Fed rate hikes are fading in the wake of Russia’s invasion of Ukraine even as oil, food and gas price increases stoke faster inflation concerns. Russia’s invasion of Ukraine, potentially the biggest military conflict on European soil since the Second World War, has global stocks plunging, oil prices soaring and safe-haven assets in hot demand. It may also create a new, and potentially more serious, problem for the Federal Reserve. With U.S. crude topping the $100 per barrel mark for the first time since 2014 on the expectation of sanctions on Russian crude expor…

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