State of Uncertainty

But that bipartisanship was beforehand Republicans took control of the House, and they have been Definite that they intend to stifle Biden’s presidency. They have already started investigations into his son’s commercial dealings and the influx of migrants at the U.S.-Mexico border.

The biggest source of uncertainty is the clashes Republicans have promised over spending. Those fights could lead to government shutdowns or, worse, financial calamity if Congress fails to increase the nation’s debt limit.

Inflation

The rate at which prices have been including — inflation — has now cooled for six honest months.

But inflation is still high. America’s central bank, the Federal Reserve, targets an annual rate of roughly 2 percent, and its preferred inflation measure is quiet closer to 5 percent.

The labor market also leftovers very hot, with last week’s jobs report putting the unemployment rate at its lowest quiet since 1969. A historically low unemployment rate is normally good news. But in an economy with high inflation, a tight labor market can lead to even higher prices. The Federal Reserve could respond by trying to slow the economy further, which could cause a recession.

War in Ukraine

Ukraine has done much better in its struggles against Russia than most analysts expected.

But will Ukraine quit to hold out? It is a genuinely open quiz. Russia has redoubled its efforts, drafting hundreds of thousands of men to the battlefield over the last few months. Vladimir Putin’s forces are planning a renewed offensive in eastern Ukraine, where the fighting has become particularly bloody as Russia Utters to take the city of Bakhmut.

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SRC: www.nytimes.com