Wednesday Afternoon Links

[CNBC] Federal Reserve approves first interest rate hike in more than three years, sees six more ahead

[AP] Fed begins inflation fight with key rate hike, more to come

[Yahoo/Bloomberg] Fed Lifts Rates a Quarter Point in Opening Bid to Curb Inflation

[Reuters] Russia and Ukraine hope for breakthrough in peace talks

[Yahoo/Bloomberg] Ukraine Update: Zelenskiy Makes Congress Pitch as Talks Progress

[Yahoo/Bloomberg] Stocks Bounce Back on Powell’s Economic Views: Markets Wrap

[Reuters] Oil swings wildly on Russia-Ukraine talks, U.S. inventory data

[Yahoo/Bloomberg] Nickel Reopens Limit-Down in Shambolic Day of False Starts

[Yahoo/Bloomberg] Bond Market Races Ahead of Fed by Most Since at Least the 1980s

[Reuters] Biden says U.S. to give Ukraine drones, anti-aircraft systems

[CNBC] Russia stokes fears of first foreign currency default in more than a century as it attempts payment

[CNBC] Russia sees China as lifeline against sanctions, but U.S. threatens ‘consequences’ if Beijing helps

[Reuters] Analysis: China's COVID governance under pressure as Omicron spreads

[Yahoo/Bloomberg] Russia’s Inflation Shock Is Giving Way to Soviet-Style Shortages

[AP] BMW, VW warn of shortages from part suppliers in Ukraine

[WSJ] Western Companies’ Pullback From Russia Marks End of an Era

[FT] Ukraine and Russia draw up neutrality plan to end war

[FT] Tett: Why I should have listened to Garry Kasparov about Putin