This week our investment and economic commentary continue to focus on Russia’s invasion of Ukraine and the geopolitical tensions that are mounting. Our Investment Office is monitoring several macro considerations including (i) wage price inflation, (ii) the level and duration of higher oil prices that would potentially tip Europe and the U.S. into a recession and (iii) the central bank reaction function to more persistent and widespread inflation. Our Chief Economist, Jeanette Garretty, discusses how the war and increased oil prices due to anticipated supply disruptions can multiply the challenges for the US and global economies. Our Wealth Planning Center reminds us of the tax deadline this year while sharing some tax savings strategies that you can still implement before the deadline.
