Commodity Chaos Is Threatening The Global Economy

Businesses and consumers are already feeling the impact of the rally in commodity prices of everything from crude oil to grains and metals. The year’s highly volatile commodity markets, roiled by the Russian invasion of Ukraine, are complicating real-world economic growth prospects and are raising food and energy prices for consumers globally.  The surge in commodities, including crude oil, natural gas, wheat, soybeans, and industrial and precious metals, have already hit consumer prices globally, with inflation at a 40-year high. This…