Economic Update March 7, 2022
- Economic data for the week included a robust employment situation report, as well as other labor metrics, and improved manufacturing and construction activity.
- Global financial market sentiment continued to be driven by the Russia-Ukraine conflict, with U.S. and especially foreign stocks losing ground and staying in correction territory. Bonds were mixed, with higher-quality safe haven debt faring positively. Commodities experienced sharp gains, led by crude oil and grains—exports most affected by Russian and Ukrainian supplies.
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LSA Connect, March 7, 2022