The Pulse on the Economy and Capital Markets: Mar 7 – 11, 2022
March 16, 2022
At a glance
- Markets declined last week amid continued conflict in Ukraine and investors’ concerns about its widespread impact on the global community. Equity, fixed income, commodities and crypto markets were all down last week, a sign of the volatility that still lies ahead.
- February’s inflation report, which was released last week, showed that headline inflation was nearly 8% and core inflation was 6.4%, with both food and energy rising.
- While gas prices are going up, they matter much less than prior oil spikes, and according to the data, they will have less impact on consumers’ wallets over the longer term.
- With budget concerns reigning supreme among consumers, the streaming sector — which benefited from big gains during the COVID-19 pandemic — is on the decline. According to a new study, 40% of consumers report they will be canceling at least one service this year.
- In terms of industry news, we’re reading about new advances in autonomous vehicles, the multifamily sector’s current role in the housing shortage and what Uber is doing to shore up high gas prices for drivers. In the sports world, the Chelsea Football Club faces financial peril.
- Chelsea Football Club financially perilous after Abramovich is sanctioned
- Uber adds fuel surcharge because of high gas prices
- U.S. clears way for truly driverless vehicles without steering wheels
- Multifamily continues to fill housing shortage
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