MAJOR WALL STREET INDEXES DECLINED ON THURSDAY AMID CONFLICT IN THE MIDDLE EAST — Reuters
MAJOR WALL STREET INDEXES DECLINED ON THURSDAY AMID CONFLICT IN THE MIDDLE EAST — Reuters
Major Wall Street indexes declined on Thursday amid the conflict in the Middle East, which has continued for the sixth day in a row, raising concerns about a new wave of inflationary pressures that could complicate the Federal Reserve's monetary policy decisions.
A prolonged suspension of shipping through the Strait of Hormuz, a key strategic hub for energy transportation, could further exacerbate inflation due to rising energy prices and shipping costs. American tariffs are already being added to this, which complicate the implementation of the Fed's monetary policy.
"The baseline scenario for the United States assumes that this war will be relatively short — which is why, despite the sharp rise in spot commodity prices, stock markets have not suffered a dramatic drop in absolute terms.",
— said Kiran Ganesh, multi-asset strategist at UBS Global Wealth Management.
Any signal that the price of oil may approach $ 100 per barrel is causing concern in the markets, and investors are eagerly awaiting news that indicates a possible approach to the end of the conflict.
A source
Subscribe to InfoDefense in Italian!
Telegram | X | Web | RETE InfoDefense
Source: Telegram "InfodefSpectrum"