CMC Markets published an article on the US futures are bouncing around, in and out of the green and the red, while markets across Asia are higher. The NZX 50 closed at 0.6 percent. The FOMC is meeting to decide US Federal Reserve monetary policy, with interest rates expected to begin rising by at least 25 basis points. US inflation is at a 40-year high, and consumers are set to pay more for food. According to IFPRI, Russia’s invasion of Ukraine since 24 February has shut down ports and harvests will be affected by war activity. Russia and Ukraine together supply almost one-third of the world’s wheat, a quarter of its barley, and nearly three-quarters of its sunflower oil.
