Things to ponder over the weekend include:

There's a rich calendar of Fed speakers to give insights into how to interpret the latest Fed decision

An intriguing question is whether the unemployment/inflation trade-off makes sense. It seems highly likely that Fed speakers will retain a laser focus on inflation in the short-term. However, there is debate about whether they are really prepared to inflict the kind of job losses required to bring down inflation.

ECB speakers may also explore the implications across the Atlantic -- Lagarde highlights on Monday and Wednesday. And then next Thursday gives us individual Eurozone countries' inflation data, followed by the consolidated reading on Friday.

Russia's formal annexation of the areas of Ukraine under its control may be widely expected, but their faltering performance in the war creates risk of further escalation, which could spill over into energy prices.