disastrous showing the biggest spike in consumer prices in over 40 years that the fed felt the need to move fast here to take a page out of the playbook of alan greenspan and paul volker with a very big interest rate increase, and they signaled that more aggressive steps are to come because that official said they are, quote, strongly committed to getting inflation back down to 2%. and given that it s nowhere near 2% right now, that does imply more big rate increases to come. as far as why this is happening, i think it s important to think about the economy as almost like a car on a highway, and the fed is the driver. when it needs to speed the car up, it will cut interest rates to stimulate demand. right now we have the opposite situation. it s going dangerously fast, and so the fed needs to slow things down. it s actually slamming the brakes on the economy. the problem here, victor, for the fed is if they don t do enough inflation can go out of control. if they do too much,
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u.s. will contract with arms to get those weapons to ukraine. 18 more howitzers and 36,000 rounds of ammunition on top of what the u.s. has already sent in as well as ammunition for the high mars system, a multiple launch rocket system, the training on that just completed today, so that weapon one of the most powerful and advanced weapons the u.s. has sent in. that should be in the fight by the end of the month. in terms of what the u.s. will contract, two harpoon coastal defense systems, so those will also at some point be joining the fight to protect ukraine s coasts from the russian navy that s operating in the black sea. in terms of why this is so critical, russia has made incremental but as you pointed out, important gains in eastern ukraine. ukraine is fighting back. the top u.s. general says the outcome here not inevitable. it s not a done deal. there are no inevitabilities in war. war takes many, many turns. so i wouldn t say it s an inevitability, but i would say that the nu
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