Source: Bureau of Labor Statistics (retrieved from Federal Reserve Bank of St. Louis, FRED); Bureau of Economic Analysis (retrieved from Federal Reserve Bank of St. Louis, FRED); Summary of Economic Projections, available on the Board’s website at https://www.federalreserve .gov/monetarypolicy/fomccalendars.htm; Survey of Professional Forecasters (retrieved from Federal Reserve Bank of Philadelphia Real−Time Data Center); Congressional Budget Office (The Budget and Economic Outlook). Figure 3.
They include: the emergence of additional budgetary needs and substantial quasi-fiscal deficits in the energy sector difficulties with, or the halt in, the operation of the "grain corridor" and greater problems arising from the limitations imposed on imports of Ukrainian food by some European countries further damage inflicted on energy infrastructure, which could again cause substantial power shortages a slower decline in global inflation than expected.