Russia conflict to cut global GDP growth, boost inflation
The move follows a December hike and concern about rising consumer prices
Excluding gas, up 32.3%, February inflation would have been 4.7%
Energy price shock isn't likely to be a catalyst for recession
Higher energy and transportation costs, materials shortages threaten recovery, Moody's says
Many economists worry that with the price of gas spiking, the additional burden of higher interest rates could choke off growth
Surging costs for gas, food and housing propelled the increase
Eight in 10 manufacturers and exporters surveyed say they have had to raise prices
The Canadian dollar's fortunes are more tied to interest rates
Fiscal responses to price pressures may hinder post-pandemic consolidation