Quarterly Economic Report, Q2 2022
Interest rates are rising, and monetary policy has shifted
Strong employment data and inflation concerns has led to the Fed’s tightening of monetary policy.
Geopolitical concerns affect global markets
The Russia-Ukraine conflict has added uncertainty and further inflationary pressures.
Inflation concerns and supply/demand imbalances remain
Inflation continues to hit multiyear highs and could remain elevated in the medium-term.