Europe’s Energy “Supply Shock” to Hit U.S., China Shows Resiliency

Europe’s Energy “Supply Shock” to Hit U.S., China Shows Resiliency

As Europe sees higher gas prices amid crude oil’s sharp volatility, @CharlesSchwab’s Michelle Gibley explains how the energy supply shock will hit the U.S. She notes it’s not just gas prices climbing, but other commodities as well, posing greater chances for rate hikes in global banks. That correlation is something she expects to weave into the Fed’s consideration. Michelle points to China as one global economy and market muscling strength as other countries struggle.

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