(Reuters) -The U.S. Federal Reserve may not get as much help as it hopes from supply chains easing as it battles to bring down inflation to its 2% goal, Minneapolis Fed President Neel Kashkari said on Monday, as he pointed out a string of data which still appear to show consumers remain willing to spend despite higher prices..

Stocks fell heavily again on Monday and the dollar rocketed to a new two-decade high as worries about higher interest rates and a tightened lockdown in Shanghai deepened investors' fears that the global economy is rapidly heading for a slowdown.

Intercontinental Exchange (ICE) said on Monday it had launched a nature-based solutions carbon credit futures contract to help bring price signals to the voluntary carbon market.

The International Air Transport Association (IATA) does not expect high fuel prices to dent travel demand in the near term, but could later this year or next, Director General Willie Walsh said on Monday.

Minneapolis Fed President Neel Kashkari said on Monday that supply chain issues that have helped keep U.S. inflation high are not ebbing as fast as he thought and expressed less confidence on when they will begin to ease.

American businesses are struggling to persuade overseas staff to join them in China due to the country's strict COVID-19 control measures and ongoing lockdowns, the American Chamber of Commerce in China said on Monday.