NextGen Day

The Federal Reserve said Monday that Russia’s conflict with Ukraine, high inflation, and the coronavirus epidemic continue to create uncertainty and pose a danger to US economic activity and financial conditions.

“The implications of the crisis in Ukraine for American and global economies are highly unknown,” the Fed wrote in its Financial Stability Report for May 2022. “War-related events are expected to exert extra upward pressure on inflation and impact on economic activity.”

“The pandemic picture has improved but remains unpredictable,” it warned, after initially deteriorating due to the introduction and spread of the highly contagious Omicron form.

According to the Fed, financial markets witnessed significant volatility and some market liquidity pressures last year, as a company and household debt climbed.

“Rising inflation, supply chain disruptions, and ongoing geopolitical events may put certain businesses and people at danger of default,” the report warned.

“Further negative surprises in inflation and interest rates, especially if accompanied by a drop in economic activity, might have a detrimental impact on the financial system,” the central bank said.

In 2018, former US President Donald Trump imposed a 25% tax on steel imports and a 10% tariff on aluminum imports, claiming national security concerns.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---