Russia/Ukraine crisis could force a reassessment of the Fed tightening path resulting in central banks turning less hawkish, while policymakers may consider additional fiscal stimulus: JPM

US FED FUND FUTURES IMPLY TRADERS SEE 32.5% CHANCE OF 50 BASIS POINT FED HIKE AT MARCH MEETING, VS 22% ON FRIDAY AND 59% A WEEK AGO -CME FEDWATCH TOOL AND REFINITIV DATA US FED FUND FUTURES IMPLY 71% CHANCE OF 25 BP FED HIKE AT MARCH MEETING, VS 78% FRIDAY AND 41% A WEEK AGO

FED'S MESTER: UKRAINE SITUATION ADDS UPSIDE RISK TO INFLATION FED'S MESTER: UKRAINE SITUATION ALSO PUTS DOWNSIDE RISK ON GROWTH FORECAST FED'S MESTER: CHALLENGE FOR FED IS HOW TO REDUCE ACCOMMODATION TO GET INFLATINO UNDER CONTROL BUT SUSTAIN EXPANSION FED'S BOSTIC: U.S. "HARD PRESSED" TO GET INFLATION BELOW 3% FOR ALL OF 2022 BOSTIC: GOING TO BE SIGNIFICANT UPWARD PRESSURE ON ENERGY PRICES BOSTIC: STATE OF LABOR MARKET SENDING A STRONG SIGNAL THAT U.S. ECONOMY CAN STAND ON ITS OWN WITHOUT CEN

https://www.bankofengland.co.uk/decision-maker-panel/2021/december-2021

https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/february-2022

*BANK OF ENGLAND RAISES BENCHMARK INTEREST RATE TO 0.500%

*Bank Of England Raises Bank Rate To 0.5% From 0.25% *BOE Feb Minutes: 0 Voted to Keep Rate Unchanged *BOE Feb Minutes: MPC Sees Inflation Peaking Around 7.25% in April, Vs 5% Previously

BOSTIC: 10YR AND 2YR TREASURY SPREAD HAS NARROWED BECAUSE OF UNCERTAINTY ABOUT HOW POLICY WILL PLAY OUT BOSTIC: POSSIBILITY THAT FED WILL CAUSE A RECESSION IS "RELATIVELY FAR OFF"

FED'S BOSTIC: 50 BASIS POINT HIKE IS NOT "PREFERRED" POLICY ACTION FOR MARCH MEETING - YAHOO FINANCE BOSTIC: STILL HAS 3 RATE HIKES PENCILED IN FOR 2022 *BOSTIC: SEES 3% INFLATION IN 2022

HARKER SAYS FED IS NOT BEHIND THE CURVE BUT NEEDS TO MOVE NOW TO TRY TO CONTROL INFLATION HARKER SAYS FED WILL STOP TAPERING IN MARCH HARKER SAYS HE SUPPORTS A 25 BASIS POINT RATE HIKE IN MARCH HARKER SAYS FED COULD DO 50 BP RATE INCREASE BUT HE IS A LITTLE LESS CONVINCED OF THAT RIGHT NOW HARKER SAYS HE THINKS FOR 25 BP RATE HIKES ARE APPROPRIATE THIS YEAR BUT THERE'S A LOT OF RISK HARKER SAYS PERSISTENT INFLATION WOULD CONTINUE TO WORRY HIM HARKER SAYS IF THERE WAS A SPIKE IN INFLATION THE FED

FED'S BULLARD: I WOULD ALSO PREFER TO RAISE RATES AT MAY MEETING IF I WAS DECIDING TODAY WHITE HOUSE SAYS U.S. IS OPEN TO MORE TALKS WITH RUSSIA ON UKRAINE FED'S BULLARD: INFLATION IS QUITE HIGH RIGHT NOW FED'S BULLARD: I DON'T THINK A 50 BASIS POINT INCREASE REALLY HELPS US RIGHT NOW¨

FED'S POWELL: RISK INCLUDE EMERGENCE OF NEW VARIANT THAT IS RESISTANT TO VACCINES; NO BASIS TO THINK THAT ABOUT OMICRON

*BIDEN SIGNS DEBT CEILING INCREASE BILL INTO LAW

WHITE HOUSE SAYS THERE IS BROAD AGREEMENT AMONG DEMOCRATS ON NEED TO MOVE BUILD BACK BETTER FORWARD WHITE HOUSE SAYS CONVERSATIONS WITH SENATOR MANCHIN'S OFFICE ARE CONTINUING¨

*WHITE HOUSE SAYS NO UPDATE ON FEDERAL RESERVE PICKS

ENGLAND'S CHIEF MEDICAL OFFICER WHITTY SAYS OMICRON IS A REALLY SERIOUS THREAT, ALL THE THINGS THAT WE DO KNOW ABOUT IT ARE BAD

UK INTEREST RATE FUTURES SHOW 61% CHANCE OF BOE RATE RISE ON THURSDAY, UP FROM BELOW 50% BEFORE CPI DATA

BANK OF ENGLAND RAISES BENCHMARK INTEREST RATE TO 0.250% 🇬🇧 *BOE SAYS U.K. INFLATION LIKELY TO PEAK AROUND 6% IN APRIL 🇬🇧 *GBP/USD Rises to 2-Week High of 1.3348 After Rate Decision, From 1.3279 Beforehand - FactSet

UK PM JOHNSON SAYS: WE HAVE TO RESERVE THE POSSIBILITY OF TAKING FURTHER ACTION ON COVID 🇬🇧 UK'S JOHNSON SAYS: WE WILL RULE NOTHING OUT IN FIGHT AGAINST COVID, WE WILL GO FURTHER IF WE NEED TO

POWELL: WE EXPECT INFLATION PRESSURES TO SUBSIDE IN SECOND HALF OF 2022

*FED'S BULLARD SEES 50% CHANCE HIGH INFLATION WILL PERSIST

POWELL: STILL IS A THREE-PART TEST FOR RAISING RATES POWELL: ON TEST FOR RATE HIKES, IN COMING MEETINGS WILL SAY INFLATION CONDITIONS HAVE BEEN MET

FED'S POWELL: WAGES HAVE MOVED UP SIGNIFICANTLY POWELL: RISK OF PERSISTENT INFLATION HAS RISEN

UK HEALTH MINISTER SAYS VACCINES MAY BE LESS EFFECTIVE AGAINST NEW COVID VARIANT

UK REPORTS 50,091 NEW COVID CASES

 Half Of UK Companies Plan To Raise Prices To Offset Higher Wages: LLoyds

UK PM JOHNSON SAYS ANOTHER LOCKDOWN IS UNLIKELY BUT WE KEEP EVERYTHING UNDER REVIEW

Sunak Delivers $103 Billion of Stimulus to Boost U.K. Economy • Treasury boosts forecasts for both growth and inflation • Bank of England says it may have to act to control prices U.K. Chancellor of the Exchequer Rishi Sunak unleashed 75 billion pounds ($103 billion) of giveaways in a budget

BOE Governor Andrew Bailey has said policy makers will have to act to contain inflationary forces, prompting financial markets to anticipate an interest rate increase either next week or just before Christmas.

The danger is that continued spending will push inflation even higher, boosting the cost of servicing the U.K.’s record debt load and squeezing household finances. Consumer confidence plunged in recent months, reflecting a surge in energy prices and shortages of everything from food to fuel.

UK budget, Brexit, and hawkish BOE entertain the pound traders.

PELOSI SAYS HOUSE WILL POSTPONE VOTE ON INFRASTRUCTURE BILL

"Evergrande makes coupon payment before Friday deadline - sources"

BILL ACKMAN SAYS WE THINK THE FED SHOULD TAPER IMMEDIATELY AND BEGIN RAISING RATES AS SOON AS POSSIBLE ACKMAN SAYS HE GAVE A PRESENTATION TO FEDERAL RESERVE BANK OF NEW YORK LAST WEEK TO SHARE VIEWS ON INFLATION AND FED POLICY

YELLEN SAYS U.S. DEBT CEILING MUST BE RAISED, BELIEVES IT IS A BIPARTISAN RESPONSIBILITY TO DO IT YELLEN SAYS THERE IS A WAY FOR DEMOCRATS TO DO IT ON THEIR OWN YELLEN SAYS WILL SPEAK WITH U.S. SENATE AND HOUSE LEADERS TO RAISE U.S. DEBT LIMIT BY DEC. 3 DEADLINE

BOE'S WOODS SAYS WOULD INTRODUCE OWN RULES IF GLOBAL BANK CAPITAL REQUIREMENTS FOR CRYPTOASSETS NOT TIMELY

Financial Times: The Bank of England has predicted that the rising inflation was now likely to peak above 4% this winter and stressed that no immediate action was needed to quell price rises.

UK 5Y5Y Forward RPI Inflation Rises To 3.9054%, Highest Since At Least June 2008, Up 3 Bps On Day 🇬🇧 British Retail Consortium Says It Will Take Many Months Before There Are Enough New British Drivers To Cover The Shortfall

*BOE'S BAILEY: RESPONSE TO INFLATION IF NEEDED WILL BE VIA RATES