Capital Market Impact

Cycle Watch | March 2022: War fogs the outlook

March 15, 2022
Economy Utilities

War fogs the outlook

Russia’s full-scale invasion of Ukraine will drive additional volatility in the coming weeks, but historically, geopolitical risks have had a limited impact on the markets. However, higher costs on consumer-facing commodities like oil and natural gas may keep inflation higher for longer. Looking ahead, the Fed is expected to begin raising interest rates later this month, followed by other policy-tightening measures.


  • This information is general in nature and is not intended to be tax, legal, accounting, or other professional advice.

    The information provided is based on current laws, which are subject to change at any time, and have not been endorsed by any government agency.

    Neither Nationwide nor its representatives give legal or tax advice. Please have your clients consult with their attorney or tax advisor for answers to their specific tax questions.

    Nationwide Funds distributed by Nationwide Fund Distributors LLC, member FINRA, Columbus, Ohio. Nationwide Investment Services Corporation, member FINRA, Columbus, OH.

    Nationwide, the Nationwide N and Eagle, and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company. © 2022 Nationwide

    NFN-1291AO (3/22)