Here's a quick rundown of the top items Plastics News Economics Editor Bill Wood is following: interest rates, shutdowns in China, supply chains getting even more stressed, war in Ukraine, U.S. Federal Reserve policy and the value of the dollar.
And that's just scratching the surface.
It's easy to get overwhelmed, but try to avoid that sensation, Wood said during the monthly Numbers That Matter Live webcast April 26. The webcast is free to PN subscribers.
"At this point, nothing seems like it's in a freefall or in any out-of-control situation," he said.
A lot of the information out there seems to be in conflict. The U.S. is seeing its highest inflation rates in a generation, he said, but at the same time the value of the dollar "has gone almost hyperbolic, straight up." Typically, inflation would drive down the value.
Federal Reserve policymakers are having to make decisions in the midst of multiple international crises that have no precedent.
"There are a number of forces we're weighing here," he said. "I don't think anyone has a perfect view on what's going to happen."