As the Ukraine war rages on, the global economy will suffer and the blowback will spill over to the US in some degree. The repercussion is starting to show up in first-quarter nowcasts for first-quarter GDP activity.
Daily Archives: March 4, 2022
Macro Briefing: 4 March 2022
* Russian forces attack and then seize Ukrainian nuclear power plant
* Bipartisan pressure rising on Biden administration to end Russian oil imports
* As Western pressures increase on Russia, how will Putin react?
* Fed’s Powell admits ‘we should have moved earlier’ to end pandemic stimulus
* Global economic growth picks up in February after slowing to 1-1/2 year low
* US ISM Services Index slows to a one-year low in February, but…
* US Services Index in February posts ‘sharp upturn in activity’
* US factory orders rose more than expected in January
* US jobless claims last week fell to lowest level since start of the year:
