One of the main indexes of the New York Stock Exchange (NYSE) S\u0026P 500, closed last Friday, having risen by only 0.2%. This slight increase did not at all affect the overall negative result of the last 11 weeks, when the S\u0026P 500 "

Analysts explain this trend by the fact that the central banks of different countries, in order to curb inflation, began to raise interest rates.. This measure usually helps to stop prices rising by reducing trade and financial activity, but the stock markets do not like this strategy, as it slows down business activity and increases the risk of a recession..

On June 5, the leadership of the Federal Reserve System (FRS), acting as the US central bank, raised the base discount rate immediately by 75 percentage points, which has not happened since 1994. Now the rate is 1.5-1.75%, instead of the previous 0.75-1.00%.

The economic difficulties in the United States were exacerbated by the vagaries of nature: more than 1,100 passenger flights were canceled on Friday at airports in the central and eastern states of the country due to powerful thunderstorms..

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Having never recovered from the consequences of the COVID-19 pandemic, confidently entering a period of high inflation and low economic growth, it faced a new threat - the war of the Russian Federation against Ukraine.

Both countries are powerful players in the global commodity markets for food and fuel, prices for which have already been at their highest in recent years.. Sanctions meant to deter an aggressive Russia and military action preventing Ukraine from fully trading with the world have already impacted the global economy, pushing up prices, disrupting supply chains, pushing central banks to raise key rates, and hence to debt problems as separate entities.. “A confluence of disasters,” said IMF Managing Director Kristalina Georgieva.