Correspondent & Host
Sabri is a correspondent and host for Marketplace based in New York City. He has many, many plants.
After a pandemic, trade war and rising wages, many manufacturers have been looking for other options outside of China.
Restrictions on exports like fertilizer and steel have major economic ramifications for trading partners.
Developing nations see worsening debt challenges due to the war in Ukraine.
COVID cases still number about 18,000 per day, and many people have had to make sacrifices.
The latest military aid packages alter course and include major U.S. weapons for the first time.
“I was woken up by a phone call, and I was told that the war started.”
We spoke to Michael Hewson, chief market analyst at CMC Markets, for some insight.
“One of the biggest misconceptions is actually just what ‘inflation’ means” said Robert Rich, director of the Cleveland Fed’s Center for Inflation Research.
We don’t know. But the Taylor principle says rates should increase at least to the level of annual inflation to control rising prices.
There’s a “long and variable lag” between monetary policy starting to control inflation and inflation responding in a substantial way.
