Headlines Discussed at LNWM’s Monday Morning Briefing:

• The Federal Reserve delinked future increases in short-term interest rates from U.S. unemployment levels; the suggestion is that rate hikes are likely to start next year.
• The Russian and Crimean parliaments signed a treaty of accession making Crimea part of Russia.
• The U.S. and European Union will increase sanctions on Russian leaders in response to Crimea’s annexation.
• Virtually all the major U.S. banks (29 out of 30) passed the Federal Reserve’s annual “stress test.”
• General Motors announced three more car recalls; will take a $300 million charge.

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