WASHINGTON, Oct 21 ― The US Federal Reserve warned yesterday that the recent attack on Israel and the ongoing Ukraine conflict could cause harm to the world economy and boost global inflation.
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Israel has been conducting extensive air strikes on the Gaza Strip since October 7, when more than 1,400 people, mostly civilians, were killed by Hamas militants during an armed attack on the south of the country.
Israel’s retaliatory bombing campaign has left more than 4,100 people dead, many of them also civilians, according to the Hamas-run health authorities in Gaza.
Ongoing exchanges of fire with Hezbollah militants along Israel’s northern border with Lebanon have raised fears that the conflict could spread to other countries in the region.
“The attack on Israel, in conjunction with Russia’s ongoing war against…
