Ukraine war won't deter Federal Reserve from March rate hikes: Report

US Federal Reserve and some of its major central banking peers will press ahead with lifting interest rates in March, money markets suggest, even as Ukraine war complicates picture of inflation

The U.S. Federal Reserve and some of its major central banking peers will press ahead with lifting interest rates this month, money markets suggest, even as a war on Europe's eastern flank complicates the picture for inflation and economic growth.
 

The situation is fluid, with rate futures and bond prices whipsawed by conflicting impulses and no indication of which could gain the upper hand: a war that threatens to undercut a global economic recovery or the inflation unleashed by an oil price surge that will be hard for central bankers to overlook.
 

Still, expectations of big rate hike bets have