There are reasons to take a weak gross domestic product report with a big grain of salt.

CEO Jamie Dimon also cited economic worries, including the Ukraine war and inflation, in the big bank’s move to conserve cash.

There is a very real chance that the country may end up paying a price for getting inflation under control. That price is recession.

Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta, on why he supports this week’s rate hike.

“When you take out major players, anything that destabilizes the world economy affects steel, affects all of us,” says Lisa Goldenberg, president of Delaware Steel Company.

At one point, a ruble was worth a fraction of a penny. Demand for energy exports has helped, but Russia’s economy is still in recession.

Bringing the economy in for a “soft landing” — taming inflation without bringing on a recession — has proven difficult for the Fed in the past.

Fed chief Powell called the risk of a recession “not particularly elevated.” But some economists think he’s overly optimistic.

“The long-term implications are severe,” one expert says, and can scare away foreign investors.

Oil goes into almost everything.