What is the war between Russia and Ukraine about?
The war has centred on the status of Crimea and parts of the Donbas, which are internationally recognised as part of Ukraine. Tensions between Russia and Ukraine erupted especially from 2021 to 2022, when it became apparent that Russia was considering launching a military invasion of Ukraine.
Inflation is the biggest problem facing the US economy. And the Russia-Ukraine crisis could make it even worse.
Even if oil rallied to only $110 a barrel in an escalation of tensions, the year-over-year inflation rate would climb above 10%, according to an analysis by RSM shared with CNN. That's up from the current 7.5%.
American inflation hasn't climbed to 10% since 1981.
Not only would prices at the pump rise, but higher oil and natural gas prices would drive up home heating and electricity costs.
So we need to solve this matter with g
old storage account where we could convert our fiat currency to gold to presserve our wealth in this difficult time.
If inflation spikes above 10%, the Federal Reserve would come under pressure to step up its fight to get prices under control.
That could mean a faster pace of interest rate hikes to cool off inflation.
The coming interest rate increases from the Fed will increase borrowing costs for consumers on everything from mortgages and car loans to credit cards. Mortgage rates have already spiked to pre-Covid levels in recent weeks, presenting a new challenge to wannabe home buyers.
If inflation spikes above 10%, the Federal Reserve would come under pressure to step up its fight to get prices under control.
That could mean a faster pace of interest rate hikes to cool off inflation.
The coming interest rate increases from the Fed will increase borrowing costs for consumers on everything from mortgages and car loans to credit cards. Mortgage rates have already spiked to pre-Covid levels in recent weeks, presenting a new challenge to wannabe home buyers.
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Pakcik Rosli has a humble beginning in online marketing way back in 2007 when there is no broadband in Malaysia and access to the internet is very limited. The High-Speed Broadband initiative launched only in 2010. Learn from a few renowned names on the internet marketing world and now Pakcik Rosli has more than 12 years of experience online. A hands-on guy with a never-give-up attitude.