Will be big. There was chatter last month about ‘peak’. The expectation is a slight slow-down in MOM rates. If we see that, it should help settle the markets which seem to be pricing in a 75 BP bump next month.
We couple really use a break in from China’s lockdowns. I don’t think there is anything going to bring Russian energy back to the Europe in the short term. China is our best chance at helping supply side shortages. I would give very seriously consider temporarily suspending *some* import tariffs. We can fight that battle later and that should help with backlogs at our ports when they do reopen.
We couple really use a break in from China’s lockdowns. I don’t think there is anything going to bring Russian energy back to the Europe in the short term. China is our best chance at helping supply side shortages. I would give very seriously consider temporarily suspending *some* import tariffs. We can fight that battle later and that should help with backlogs at our ports when they do reopen.
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