The Federal Reserve is expected to raise interest rates this week in an effort to cool inflation. Stocks have been pressured by fears that aggressive moves by the central bank to rein in rising prices will lead to a recession. Read More...
ABC News
War in Ukraine having ‘catastrophic effect’ on global food supply, prices: USAID administrator
Samantha Power, administrator of the U.S. Agency for International Development, said the costs of the war in Ukraine include global food and fertilizer shortages, impacting prices for consumers and farmers around the world. “It is just another catastrophic effect of Putin’s unprovoked invasion of Ukraine,” Power told ABC “This Week” anchor George Stephanopoulos on Sunday. Food prices have risen 34% compared to this time last year, Power said, “aided substantially, again, by this invasion.”
