It is hard to escape the news of escalating tensions between Russia and Ukraine, and this turmoil will continue to dominate the news as analysts try to sort through the potential impacts on people and the global economy. In this edition of 5 Minutes with Commerce Trust Chief Economist Scott Colbert, Scott says it will be a challenge for anyone to handicap the potential outcomes of this fluid international drama. Somewhat behind the scenes as this story unfolds is the concern that the Federal Reserve will move from raising interest rates four times this year as anticipated starting in March to maybe as many as six or seven to control rampant inflation. Stocks typically don't do well when the Fed is aggressively raising rates.
