Latest / Markets with Megan: A Quick Financial Markets Update
Global Trade Interruptions: Impacts of the Red Sea Shipping Disruptions | Episode 092 | 01-24-24
In today's episode, Verdence Capital Advisors CIO, Megan Horneman looks into the latest Red Sea developments shaking up global trade. Houthi rebels are targeting ships in the Suez Canal and the Red Sea, diverting 90% of traffic and triggering rate increases predicted by major players like MSC and HLS. Projections hint at a prolonged disruption, potentially lasting six months to a year, leading to escalating freight rates and equipment shortages. Megan discusses the global trade implications, the economic risks tied to inflation volatility, and the challenges faced by the Federal Reserve. Stay…
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