News From the Control Tower - 1/26/2022

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1.       The Fed is likely to signal a March interest rate hike and that further policy tightening is coming

“I don’t think they’re going to be spooked by this,” said one strategist of the stock market’s correction. “They need to tighten financial conditions so they can have a better handle on inflation.”

2.       Why You Should Sit Out the Mayhem

What matters isn’t what the market does—but what you do in response

3.       Bitcoin pyramid schemes wreak havoc on Brazil's 'New Egypt'

Brazil’s lenient laws regulating cryptocurrency helped fuel the rise of a bitcoin-based Ponzi scheme worth at least $7 billion.

4.       Escalated Russia-Ukraine conflict would keep inflation higher longer

An escalated conflict between Russia and Ukraine would likely further increase energy costs and commodities prices for many countries, keeping headline inflation rates elevated for longer, a top International Monetary Fund official said on Tuesday.

5.       'Big shift': Biden moves to rewrite the rules on climate threat

Among other moves, regulators are likely to press banks to prepare for the fallout from a warming planet by stepping up scrutiny of fossil fuel financing.

Bonus: There Is No CD Revival

Unless Maybe You are Adele