• SHARE

The U.S. Federal Reserve and some of its major central-banking peers will press ahead with raising interest rates this month, money markets suggest, even as a war on Europe’s eastern flank complicates the picture for inflation and economic growth.

The situation is fluid, with rate futures and bond prices whipsawed by conflicting impulses and no indication of which could gain the upper hand: a war that threatens to undercut a global economic recovery, or the inflation unleashed by an oil price surge that will be hard for central bankers to overlook.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)