The strangled flow of trade through the Strait of Hormuz is creating supply chain shocks that will take months to reveal. Based on companies’ balance sheets, we will see whether they pass these costs on to consumers.
Supply Chain Shocks Driving Inflation and IMF’s Global Recession Warning
"The economic impact of recent cost pressures on businesses has led to a slowdown in hiring as companies pause expansion plans,” Peter Boockvar, Chief Investment Officer of OnePoint Wealth Partners. "
