Economic Beat: Commodities continued their record surge
How will current market developments affect you? The thought leaders at Fifth Third Bank can help make sense of it all. Listen to the Economic Beat as they discuss what happened last week and what they expect will be the focus of this week.
Economic Beat: March 7, 2022
Commodities continued their record surge, with West Texas Intermediate crude oil gaining more than 26% last week. The move in commodities, and particularly in energy prices, is intensifying concerns about more persistent inflation pressures. Futures markets now suggest expectations for the Federal Reserve to raise rates by 25 basis points at least five times this year, down from more than six times expected before the Russian invasion of Ukraine. Listen to this week’s full Economic Beat update or read the transcript below.