Market break: St. Louis Fed Pres. Calls for faster interest rate increases and the USA close the Kiev embassy

Market break: St. Louis Fed Pres. Calls for faster interest rate increases and the USA close the Kiev embassy

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James Bullard, the President of the Federal Reserve of St. Louis, called for a faster approach for interest increases on Monday and suggests an increase by 100 basis until July 1..

Bullard noted that the "credibility of the Fed is at stake" and that the past few months have shown that inflation shows no signs of slowing down.

"It was really October, November, December, January, who questioned every idea that this inflation would decrease in a reasonable time frame by nature without the Fed taking measures," said Bullard.

US message in Ukraine laid

The market became even more unsafe when Foreign Minister Antony flashed said that the US message in Ukraine was moved hundreds of kilometers to Lemberg, a city on the Polish border.

"We are in the process of temporarily moving our ambassietary activities in Ukraine from our embassy in Kiev to Lemberg because the building of Russian armed forces has accelerated dramatically." said flashing in an explanation on Monday.

The market has been dancing to upcoming interest rate increases for some time. The additional pressure through a potential conflict between Ukraine, Russia and the NATO nations has only put more pressure on the already uncertain market.

The S&P 500 continued its decline and fell by up to 1.16 %during the day. It ended the day after a slow climb with a minus of only 0.38 %. Nasdaq and Dow followed a similar volatility pattern during the day, but only easily closed in the minus or neutral. Krypto, which has maintained a certain correlation to stocks, remained largely unchanged all day long, with Bitcoin fell by about 0.6 % during the day, but ended the day with an increase of 0.77 %.

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The probability of steep interest increases seems to be getting higher with progressive inflation. This alone could lead to a volatile phase in the markets. If the tensions between Russia and Ukraine lead to something serious, the markets are facing a very bumpy ride.

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