Happy Friday, team. I'm Phil Rosen — after a few days cruising the Caribbean (I even spent time in Sam Bankman-Fried's old stomping grounds) it's good to be back.

From the central bank's latest rate hike to new developments in the ongoing bank crisis, a lot has happened in my absence. 

Jerome Powell and co. indicated Wednesday that, financial turmoil or not, more rate hikes could be coming this year.