Macro Briefing: 16 February 2022

* Russia says it’s withdrawing some troops from Ukrainian border, but…
* NATO counters that Russia is still increasing military buildup near Ukraine
* Investors betting on fastest pace of rate hikes since 2010 in developed markets
* China’s inflation slowed in January, opening door for more policy easing
* UK inflation remained at 30-year high in January
* Will Russia-Ukraine crisis drive US inflation even higher?
* Oil prices could spike further amid rising demand and supply constraints
* Surging lumber prices add nearly $19,000 to cost of building a new home
* US 10-year Treasury yield ticks up to 2.05%, highest level in 2-1/2 years: