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Ukraine tensions remain high, at least six Fed hikes this year, and Washington’s crypto go-slow.

The U.S. and its allies say Russia is increasing forces near the border with Ukraine while the Kremlin dismiss warnings of an invasion as “hysteria.” Diplomatic efforts remain the focus for now, with work continuing on a package of sanctions to deter President Vladimir Putin from any escalation. Investors remain on tenterhooks over developments, with reports of cease-fire violations in the disputed Donbas region enough to push a move into havens. The OECD, which monitors cease-fire compliance, regularly reports dozens of violations on a daily basis.