News Snapshot:
CME Group , the world’s largest futures exchange operator, said rising coal and natural gas prices are expected to have a profound impact on consumers, as higher energy bills and manufacturing costs push inflation rates higher globally. The elevated prices of coal and gas will also hasten the shift towards renewable energy . Supply chain bottlenecks and rising energy costs have kept the US headline inflation rate at more than 5 per cent for four straight months, but it could soon be a global phenomenon, according to Erik Norland, executive director and senior economist at CME Group. “The risk over...
