In my mind Inflation and Rates going up is 10 times more important to the Market than Russia invading Ukraine.
Market would not be doing well even if there was no chance of war. So in a way though it's important to the market all these swings are are only short term distracting.
Conversation
I understand it's not the US. But Germany, according to Bundesbank, is close to recession. Is the ECB therefore raising interest rates? What effect would It have to the USD/EUR if FED keeps lifting them?