What are the updates and consequences that traders need to know about the Russia-Ukraine conflict?
In his latest report for CGTN, Chief Strategist Jimmy Zhu discussed:
- Sanctions for removing Russia from the SWIFT system could threaten global financial stability.
- Russia may consider ceasing energy supplies to some Western countries and this will affect global economy.
- The Fed's policy in the midst of geopolitical events is to put inflation as a priority.
- Conflicts between Russia and Ukraine may potentially trigger the surge of energy prices and push inflation to be much higher and more sustainable.
Read the full report here: https://news.cgtn.com/news/2022-03-02/Ukraine-crisis-may-put-buy-dip-traders-at-risk-1848B023ZrW/index.html