Inflation is the main economic and political concern right now. Before Russia invaded Ukraine on Feb. 24, it was possible inflation would peak early in 2022, then ease as supply chain kinks unwound and consumers returned to normal spending patterns. Russia’s barbaric war on Ukraine changed that equation, sending oil and gasoline prices soaring as a major source of world energy supply suddenly looked endangered. Russia is the world’s third largest supplier of oil and natural gas, and… Source link
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