Macro Briefing: 25 February 2022

* Russian forces moving in on Ukrainian capital of Kyiv
* Kremlin will analyze Ukraine’s offer to discuss a non-aligned status
* Countries around the world continue to pile new sanctions on Russia
* Ukraine war reshuffles risk outlook for global economy
* Will the Russian invasion of Ukraine change the Fed’s rate-hike plans?
* EU set to sever 70% of Russia’s banking system from global markets
* US officials asked China for help to avoid war in Ukraine. China said no
* Russia’s invasion of Ukraine threatens exports of critical commodities
* US growth picked up in January via Chicago Fed Nat’l Activity Index
* US jobless claims fell last week; Q4 GDP growth revised slightly higher
* Brent oil surged on Thursday before ending just below $100/bbl:

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