Created by: Sam Tenney
- Despite some of the largest inflation increases in decades, the yield curve on long term bonds has flattened, with the 30-year treasury yield going down to 1.69 as compared to the 20-year bond’s 1.77 yield. This could signal lower growth in the future as the federal reserve reduces quantitative easing.
- Goldman Sachs has pushed up its projections for future rate hikes from the federal reserve by a large margin, now expecting the first rate hikes to happen in June of 2022, as compared to once in 2023. This could signal bank economists changing their view on the transitory nature of current inflation.
- A recent ransomware attack on the US’s largest cream cheese manufacturer, Schreiber Foods, has led to nationwide shortages of the product and has brought unfulfilled demand to 45-year highs. This attack shows many similarities to supply chain breakdowns during the pipeline attacks earlier this year, showing how many national and global supply chains face similar fragility.
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