1. The Fed gets scary – FT Unhedged
2. Fed Officials Reinforce: Rates Are Heading Higher – Bloomberg
3. Fed Signals Half-Percentage-Point Increases Possible – WSJ
4. Hidden War Tax Imposed by Russia’s Invasion – Barron’s
5. Investors seeking inflation hedge snap up US farmland – FT

1. Fed to begin ‘rapid’ balance sheet reduction next month – FT
2. Deutsche Bank Predicts U.S Recession in 2023 as Fed Boosts Rates – Bloomberg
3. U.S. Wants More Oil From Canada but Not a New Pipeline to Bring It – WSJ
4. Global Grain Trade Disrupted by Russia’s War in Ukraine – Bloomberg
5. U.S. Economy Is Booming, Why Do Economists Fear Recession? NY Times
6. Lombard Street and Commodities – Zoltan Pozsar *

*  Also available on the Recommended Articles tab

1. JP Morgan Chase CEO Dimon warns of ‘volatile markets’ as Fed shifts policy – FT
2. Morgan Stanley Says ‘Bear Market Rally’ Is Now Over – Bloomberg
3. Here Come the Price Controls – Andy Kessler in WSJ
4. Turkish inflation hits 20-year high of 61% as energy and food costs soar – FT
5. Inverted Yield Curve Could Be Sending a Bogus Recession Warning – Barron’s

1. European gas buyers have at least 2 weeks to pay in roubles, says Kremlin – FT
2. ECB Could Raise Rates Any Time From September – Bloomberg
3. As Fed Raises Rates, & Other CBs Don’t, What Will That Mean for U.S. Stocks? – WSJ
4. US government debt under renewed pressure following worst quarter on record – FT

1. Russia sanctions threaten to erode dominance of US dollar, says IMF – FT
2. America’s Oil Reserve Weapon Risks Misfiring – Bloomberg Opinion
3. Oil Falls as U.S. Eyes Reserve Release – WSJ
4. BoJ to boost bond buying even as yen suffers worst month since 2016 – FT
5. Risk of a 1970s-Style Inflation Shock is Rising, Warns Brevan Howard – Bloomberg

1. War in Ukraine: what explains the calm in global stock markets? – FT
2. Banks Aren’t Sweating a Yield Curve Inversion Yet – Bloomberg Opinion
3. Yield Curve Inversion Signals Something Important; No Agreement on What – Barron’s
4. Strains in $23tn US government debt market as Fed tightens monetary policy – FT
5. Beijing moves to strengthen Moscow ties in wake of Ukraine invasion – FT

1. A new world of currency disorder looms – FT Opinion
2. Treasury Yields Slip as Ukraine Cease-Fire Talk Progess Sends Oil Lower – Bloomberg
3. Russia Built Parallel Payments System That Escaped Western Sanctions – WSJ
4. TINA meets rising yields – FT Unhedged
5. ‘Don’t Get Too Gloomy’ or Risk Missing Out After Yield Inversion – Bloomberg

1. Ukraine war risks destabilising the west – FT Opinion
2. Biden Pitches $5.8 Trillion Plan With Record Tax Hike – Bloomberg
3. Stocks Got a Big Boost From the Bond Selloff; The Fed Could Change That – Barron’s
4. Yen hits 7-year low after Bank of Japan sticks to stimulus – FT
5. Fed Study Points Finger at Fiscal Boost for High U.S. Inflation – Bloomberg Economics

1. Market calm shows that wartime doesn’t mean volatility – FT
2. Biden Says to Expect ‘Real’ Food Shortages Due to Ukraine War – Bloomberg
3. U.S. to Boost Gas Deliveries to Europe Amid Scramble for New Supplies – WSJ
4. Farm commodities — gamble or hedge? – FT Opinion

1. Why Financial Conditions Are Easing After the Fed Raised Rates – Bloomberg Odd Lots
2. BlackRock chief says Ukraine war marks end of globalisation – FT
3. UK inflation accelerates to 30-year high of 6.2% – FT
4. Fertilizer Prices Surge as Ukraine War Cuts Supply, Leaving Farmers Shocked – WSJ
5. Putin’s War Seen Wiping Out 15 Years of Russian Economic Growth – Bloomberg
6. Historic Disruption of the World’s Wheat Supply – Bloomberg Odd Lots