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Derby’s Take: Amid Some Signs of Stress, Money Markets Mostly Calm
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Financial market participants are searching for signs that massive sanctions on Russia are creating stress in money markets, and for the most part they have yet to find it in sizable fashion.
Western nations have imposed severe financial restrictions on Russia for its unprovoked war on Ukraine, including sanctioning its central bank. That has put Western markets on high alert for any feedback just as major central banks are shifting toward tighter monetary policy amid high inflation.
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