##  [# Hot Reads: It's Hike Day](/sections/daily-hot-reads/hot-reads-its-hike-day) 

 

# Hot Reads: It's Hike Day

 

 

 Plus, Russia is on the brink of a sovereign default.



 

 

 

 

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[By ETF.com Staff](/contributors/etfcom-staff)

 Mar 16, 2022

 Edited by: ETF.com Staff

 

 

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*Compiled by ETF.com Staff*

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[**The Federal Reserve Is Expected To Raise Rates By 0.25%**](https://www.cnbc.com/2022/03/15/the-federal-reserve-is-expected-to-raise-rates-but-unique-challenges-could-slow-its-pace.html) (CNBC)

The central bank begins a difficult balancing act of fighting inflation in a perilous time for global economics.

[**Sanctioned Russia Teeters On Brink Of Historic Default**](https://www.reuters.com/business/finance/sanctions-savaged-russia-teeters-brink-historic-default-2022-03-16/) (Reuters)

Russian sovereign debt could be paid in rubles, which would trigger the biggest financial failure in the country since the Russian Flu.

**[Investors Haven’t Faced A Market Like This In Decades](https://www.institutionalinvestor.com/article/b1x5bddw14lb7k/Investors-Haven-t-Faced-a-Market-Like-This-in-Decades-Here-s-How-They-re-Coping)** (Institutional Investor)

Inflation and geopolitical risk are “back with a vengeance” just as volatility is spiking.

**[World Economy Faces Supply Hit As China Rebattles COVID](https://www.advisorperspectives.com/articles/2022/03/15/world-economy-faces-supply-hit-as-china-battles-covid-again)** (Advisor Perspectives)

Global economy bracing for greater disruption as China scrambles to contain its worst outbreak of COVID-19 since the pandemic began.

**[The Best Personal Finance Inflation Hedges](https://awealthofcommonsense.com/2022/03/the-best-personal-finance-inflation-hedges/)** (A Wealth Of Common Sense)

You have more control over your personal finances than the markets when it comes to fighting inflation.



 

 

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 Related Topics  [Emerging Markets](http://www.etf.com/topics/emerging-markets) 

 [Inflation](http://www.etf.com/topics/inflation) 

 [Russia](http://www.etf.com/topics/russia)