Homebuilders' sales expectations drop dramatically, as mortgage rates soar: Rising mortgage rates are starting to take their toll on homebuilder confidence, especially sales expectations.
Retail sales February 2022 come up short as inflation puts dent in consumer spending: Advance retail sales grew 0.3% for the month, slightly below the 0.4% Dow Jones estimate.
Russian Sanctions Could Create ‘Supply Crisis’ as Oil Output Falls - The New York Times: The International Energy Agency said the global economy could be whipsawed by cuts in oil supplies and a sharp drop in demand.
Ship-Insurance Premiums for Russian Oil Liftings Up 400%: The ship insurance market is in turmoil after Russia's invasion of Ukraine, with some underwriters staying clear of ships moving Russian crude and others capitalizing on insurance premiums that have leapt 400% for oil liftings at the Black Sea.
Fed raises interest rates 0.25%, signals more to come: The central banks' leaders also upgraded their forecast of inflation.
SBA can deny PPP loan because of bankruptcy, appeals court rules | Reuters: The Small Business Administration was within its rights to deny pandemic relief to a non-profit hospital based on the fact it was in bankruptcy, a federal appeals court ruled on Wednesday.