# Should surging commodities challenge hawkish central banks? | Lombard Odier

> Lombard Odier argues that broad commodity price increases, particularly in oil and natural gas, are now large enough to threaten consumption and earnings. It suggests this could moderate central bank tightening.

- Date: 2022-03-07 · published 2022-03-07T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42206-should-surging-commodities-challenge-hawkish-central-banks-lombard-odier
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The analysis links elevated energy prices to inflation and possible slower demand, which bears on input costs for feed and livestock producers.

## Read by commodity

- WTI: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-06-21 | [Korean central banker says a lot has changed in recent weeks](https://feedsoft.ai/events/41194-korean-central-banker-says-a-lot-has-changed-in-recent-weeks.md) | +1.1% | -3.7% |
| WTI | 2021-06-16 | [WCU Commodities back on track for a strong 2021 finish \| Saxo](https://feedsoft.ai/events/46625-wcu-commodities-back-on-track-for-a-strong-2021-finish-saxo.md) | +1.4% | +1.4% |
| WTI | 2019-06-20 | [The Commodities Feed: Dovish Fed sees commodities rally \| snaps \| ING THINK](https://feedsoft.ai/events/58509-the-commodities-feed-dovish-fed-sees-commodities-rally-snaps-ing-think.md) | +10.2% | +2.6% |
| WTI | 2023-06-28 | [Commodities try to shrug off Powell's hawkish message about consecutive hikes \| MarketPulse by OANDA Group](https://feedsoft.ai/events/35418-commodities-try-to-shrug-off-powell-s-hawkish-message-about-consecutive-hikes.md) | +6.1% | +16.7% |
| WTI | 2021-05-07 | [World stocks, commodities boom on U.S. weak jobs data](https://feedsoft.ai/events/47010-world-stocks-commodities-boom-on-u-s-weak-jobs-data.md) | -1.4% | +7.5% |
| NATGAS | 2021-06-16 | [WCU Commodities back on track for a strong 2021 finish \| Saxo](https://feedsoft.ai/events/46625-wcu-commodities-back-on-track-for-a-strong-2021-finish-saxo.md) | -1.2% | +13.9% |
| NATGAS | 2023-01-05 | [Commodities 2023: European ethanol market to face high energy costs, feedstock challenges](https://feedsoft.ai/events/37797-commodities-2023-european-ethanol-market-to-face-high-energy-costs-feedstock.md) | -10.5% | -35.3% |
| NATGAS | 2021-03-25 | [Carbon pricing, storage levels, LNG outages: Global links emerge to drive natural gas price movements - Commodities Focus](https://feedsoft.ai/events/48286-carbon-pricing-storage-levels-lng-outages-global-links-emerge-to-drive-natural.md) | +1.0% | +8.7% |

## Sources

- am.lombardodier.com: https://am.lombardodier.com/contents/news/global-perspectives/2022/march/should-surging-commodities-chall.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.