IMPORTANT ECONOMIC EVENTS OF THE PAST WEEK

The Fed raised its key rate by 0.75%, and the expected average rate for 20223 is 4.625%
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NEWS DIGEST

News DigestThe Fed raised its key rate by 0.75% and the expected average rate for 20223 is 4.625%. The increase was expected and already priced in, so stock indices and cryptocurrencies did not react much.

The Russian stock market momentarily sank by 9% due to the mobilization that began. Apparently, this strike is not the last.

Alfa Bank announced that by the end of 2022, it plans to launch its own investment platform, where it will offer Digital Financial Assets. The domestic market of digital assets is rapidly forming in Russia.

ACCORDING TO THE CENTRAL BANK OF THE RUSSIAN FEDERATION, PEOPLE WITHDREW 132.1 BILLION RUBLES FROM THEIR ACCOUNTS AND CARDS DURING THE DAY AFTER THE MOBILIZATION WAS ANNOUNCED
A repeat of March's story is likely, when, after the panic ended, much of the money returned to the accounts.
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