In light of Russia’s invasion of Ukraine, The Conference Board has downgraded its 2022 and 2023 U.S. growth expectations and has increased its forecast for inflation. Erik Lundh explains what prompted the firm’s change in outlook and says the Ukraine crisis is already having a major impact on energy and agricultural commodities as well as metal prices around the world. He says these economic and market fluctuations are likely to impact the U.S. economy.
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