The month-long Russia-Ukraine war has aggravated global logistical disruptions, further fueling inflation. However, despite a hawkish Fed stance, the U.S. economy seems on track to overcome these hurdles. According to Erin Browne, PIMCO’s managing director and portfolio manager, “I think anyone has to be impressed with the resiliency of the market.”
Thanks to easing concerns, the Dow Jones Industrial Average has gained 6.1% since March 14. And the expected continuation of the economic recovery should drive the index higher in the coming months.
