Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.
Exactly one year ago, it was still unclear whether Europeans would be able to come together to support Ukraine in the face of Russian aggression. But, following the latest announcements of stepped-up military aid, there can no longer be any doubt about Europe's willingness to furnish what Ukraine needs to win.
explains why continued military support and other forms of assistance remain critical.