WASHINGTON—Some big U.S. banks have again started stockpiling cash to cushion potential loan losses due to growing worries over the war in Ukraine and the impact of inflation on the U.S. economy, although trading continues to be bright spot for Wall Street. JPMorgan Chase & Co., Goldman Sachs Group Inc., and Citigroup Inc. combined put…
US Banks Build Reserves on Inflation Risk, Russia; Trading a Bright Spot
Global Growth Will Slow in 2022 Due to Inflation, Supply Chain Disruptions, and Omicron: UN Report
January 14, 2022
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In 2021, the world economy surged to a growth spurt not seen in 40 years, but the momentum is expected to lose steam during this year and the next, said the United Nations, owing to lingering supply-chain constraints, rising inflation, and new waves of COVID-19 infections. “After a global contraction of 3.4 percent in 2020…
World Bank Sees ‘Significant’ Inflation Risk From High Energy Prices
October 21, 2021
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WASHINGTON—Energy prices are expected to inch up in 2022 after surging more than 80 percent in 2021, fueling significant near-term risks to global inflation in many developing countries, the World Bank said in its latest Commodity Markets Outlook on Thursday. The multilateral development bank said energy prices should start to decline in the second half…
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