March – April 2022

U.S. Economic and Market Highlights

The Economy

  • The Federal Reserve policymakers raised short term interest rates in early May by 0.50% (50 basis points) as part of their effort to tamp down inflationary pressures. Additional rate increases are expected in June and July as they try to balance the risk of economic slowdown caused by higher borrowing rates.
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January – February 2022

U.S. Economic and Market Highlights

The Economy

  • The tragic events of Russia’s invasion of Ukraine have created a humanitarian crisis and devastating loss of lives and property. We pray urgently for peace!
  • As the war continues, the level of economic uncertainty increases, especially in eastern Europe. With increased sanctions and elevated prices on commodities, the risk of stagflation in Europe continues to build.
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