Monday, July 22, 2024

CoBank: Fears of higher rates and weakening conditions linger

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DENVER — Effects from the pandemic and Ukraine war continue to reverberate through the global economy, CoBank notes. Food and energy prices remain high, though prices for underlying commodities have lost upward momentum as economic fears rise. The drop in commodity prices and recent bond yield inversions are sending up red flags about slowing economic activity and a potential oncoming recession.

The Federal Reserve is poised to raise rates until it believes inflation has been tamed. Unfortunately, the risk of over- or under-doing it is high given that the lag time between action and reaction in monetary policy can be. . .

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