good morning the fed starts tightening us to send ukraine an expanded arsenal tesla delays bond offering and breaking russia energy reliance here’s what markets are watching the federal reserve kicked off a tightening campaign that’s set to be the most aggressive in decades as chair jerome powell assured americans that the economy won’t tip into recession after raising interest rates by a quarter point and signaling six more increases this year powell told reporters that inflation is too high the labor market is overheated and price stability is a “precondition” for the us central bank as it tackles the hottest price pressures in 40 years