At 24h tonight, the Fed will publish the minutes of the FOMC's monetary policy meeting

 

At 24h tonight, the Fed will publish the minutes of the FOMC's monetary policy meeting.  Federal Reserve Chairman Jerome Powell previously said that the Fed will set a limit on its balance sheet cuts at its March meeting. Additionally, Fed chief Brainard said the Fed could quickly shrink the board.  balance sheet since May, and it is expected that the shrinking pace of the balance sheet will be much faster than the previous recovery. Therefore, expect the minutes of tonight's monetary policy meeting.  basically digested.  Market focus remains on Ukraine and Russia situation and inflation expectations.  According to NBC News, the US and G7 will announce new sanctions against Russia on Wednesday.  New US sanctions against Russia will include a ban on new investments in Russia, increased sanctions on Russian financial institutions and state-owned enterprises, and measures  sanctions against Russian government officials and their family members