What the Russia-Ukraine war means for US Economy

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Russia’s invasion of Ukraine has ramped up uncertainty in commodity markets.

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It has pushed inflation as gas and food prices have gone up globally.

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Russia is a major producer of oil and natural gas and the conflict has increased prices in recent weeks.

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Inflation on a global scale can prompt Americans to cut back on spending and other economic activities.

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If not resolved soon, this can also increase interest rates and borrowing costs on Americans.

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