In this edition of 5 Minutes with Commerce Trust Chief Economist Scott Colbert, Scott reminds us that global markets have over time been confronted with many other geo-political crises similar to the current Russian-Ukraine conflict.  Indeed, stock markets had until this week relatively discounted the long-term impact of the Russian invasion, but near-term uncertainty seemingly prevails as commodity and energy prices have dramatically soared.  On one hand, recent robust job creation shows the U.S. economy is still poised for some growth this year, yet on the other hand many wonder if the Federal Reserve’s plan to start raising interest rates to rein in galloping inflation is too much medicine to take right now.