JPMorgan: Kicking Russian off SWIFT could have far-reaching fallout that could hurt the global economy and undermine the purpose of the penalties.

(Bloomberg) — JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said disconnecting Russian banks from the SWIFT messaging system may bring “unintended consequences” that include third parties finding ways around the penalty. “What countries do you hurt? What people …

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Powell Keeps The Bond Bull Kicking

by Lance Roberts In a widely expected outcome, the Federal Reserve announced no change to the Fed funds rate but did leave open the possibility of a rate hike next year. Also, they committed to stopping “Quantitative Tightening (or Q.T.)” by the …

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