There are two wars going on. The one that, with human inhumanity and infernal atrocity, Vladimir Putin started by invading Ukraine. And what the Federal Reserve has said, "firing" so far only one factual mini-shot and a barrage of hawkish, anti-inflation statements, has resurfaced in the United States; it must be stopped before it is embodied in expectations and behaviors. Will economic growth manage to save itself, thus caught between two fires? How are the economic indicators going now that the Russian-Ukrainian conflict been going on for a month and a half? How strong is the blow of the increase in the price of energy raw materials And who suffers the most? Is consumer price dynamics spiraling with wages? How far should the US central bank's tightening go? Will it be emulated by the ECB? And will financial markets stand by, like the stars in the sky, or will investors bolt, flocking to exit stocks and bonds? They answer these and other questions The hands of the economy for April 2022.
The historic column that has now many springs and as many imitation attempts, is edited monthly by Fabrizio Galimberti and Luca Paolazzi and is only available on FIRSTonline. Tomorrow, Saturday 9 April, the new release. We wish readers a Happy Easter: may it be a true passage towards peace and serenity.
