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Federal Reserve Decision Complicated By Another Hot Inflation Number and Russian Invasion of Ukraine

The Fed’s preferred inflation measure, the personal consumption expenditures (PCE) index came in very hot at for 2021 at 6.1%, which was the highest level in 39 years. This level was the highest reading since 1983. The Russian invasion of Ukraine has already caused commodity prices to spike and for oil itself to reach the highest prices since 2014. The spread between Brent and WTI is widening. Most of the short-term and medium term effects of the conflict and sanctions has been to raise energy

The Fed’s preferred inflation measure, the personal consumption expenditures (PCE) index came in very hot at for 2021 at 6.1%, which was the highest level in 39 years. This level was the highest reading since 1983. The Russian invasion of Ukraine has already caused commodity prices to spike and for oil itself to reach the highest prices since 2014. The spread between Brent and WTI is widening. Most of the short-term and medium term effects of the conflict and sanctions has been to raise energy prices.

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