Macro Briefing: 22 March 2022

* European Union support is rising for banning Russian oil
* Intelligence indicates growing Russian cyber threat to US, Biden says
* Fed will raise rates more aggressively if needed, says Fed’s Powell
* Powell’s comments on tackling inflation are wake-up call for Wall Street
* Fed’s Powell says short-Term yield curve is better recession risk predictor
* US housing market set for ‘substantial downshift in activity,’ economist predicts
* US economic growth remained solid in February, via Chicago Fed index: