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The UN in Afghanistan, Twenty Years Since the U.S. Invasion of Iraq, Black Sea Grain Initiative, and More

The World Next Week

CHAPTER

Are We Looking at a Bigger Financial Crisis?

The Black Sea is getting a great deal of attention for both humanitarian and security. Credit Suisse lost roughly a quarter of its value this week, and the Swiss Central Bank had to give it a $54 billion lifeline. Are we looking at a larger financial crisis? And will the Federal Reserve now rein in its attempts to continue to raise interest rates to fight inflation because of the concern about this creating shutters in the banking industry?

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