Top-of-mind economic news as we start the week:
— The Federal Reserve will allow up to $95 billion in bonds on its balance sheet to mature each month; owns $8+ trillion in bonds, 50% bought during pandemic.
— The majority (81%) of US adults polled think a recession is likely in 2022, per CNBC survey.
— China is continuing to shut down sections of major cities as fast-spreading Covid variant challenges its zero-covid policy.
— The Russian ruble is back to where it was pre-Ukraine invasion; now at 77 per US dollar vs. a low of 139.
— Investment flows into ESG/impact funds dropped 46% in Q1 2022 vs. Q4 2021, to $75 billion, lowest level in two years, amid market uncertainty.
Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.