What the Russia Sanctions Could Mean for Inflation in the U.S.

https://money.com/russia-ukraine-sanctions-inflation/By: Mallika Mitra

Money; Getty Images

As tensions escalate between Russia and Ukraine over international borders and sovereignty, consumers in the United States could soon feel an impact on their wallets.

Global markets tumbled following Russian forces’ invasion of Ukraine early Thursday, with stock market indexes like the S&P 500 down 2.2% shortly after the open and the Dow Jones Industrial Average down 2.5% (more than 800 points). The tech-heavy Nasdaq entered bear market territory for the first time since 2020.

Meanwhile, oil prices surged past $100 per barrel. Yields on the 10-year U.S. Treasury note dipped below 1.9%, and the price of gold popped 0.8% on Thursday after steadily rising for weeks as investors flooded into safe-haven assets.

Posted by The NON-Conformist