
Shock and war: global prices rise
The Intelligence from The Economist
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War, Inflation, and Central Banking Challenges
This chapter explores the effects of the Ukraine war on scientific initiatives and economic conditions, focusing on inflation and central banking responses. It highlights the Federal Reserve's recent interest rate hike aimed at mitigating inflation exacerbated by rising commodity prices, particularly oil. The discussion also addresses the precarious balancing act central banks face between soaring prices and slowing growth, while examining the geopolitical ramifications of sanctions on Russia.
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