Headlines discussed at LNWM’s Monday morning briefing:
— The US and its allies are considering a ban on Russian oil and gas imports if Russia continues its invasion of Ukraine.
— The US Consumer Price Index is expected to be up 7.9% annualized through Feb. (was up 7.5% through Jan.); actual figure to be released March 10.
— The US economy added 678,000 jobs in February, crushing estimates by over 200,000 jobs.
— Moody’s downgraded Russia’s government debt 6 notches to B3, meaning it is now categorized as “junk.”
— A record $105 billion in private investment went into US renewable energy in 2021, an 11% increase from 2020.
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