NurPhoto / Getty
REUTERS/Jason Reed
Phew. Hey there. Senior reporter Phil Rosen here. Before we jump into the newsletter, the Silicon Valley Bank saga is continuing to unfold, so let's quickly break down the latest.
Rafael Henrique/SOPA Images/LightRocket via Getty Images
Good morning readers. Phil Rosen here. It's jobs day today.
If the reading comes in too hot, the Fed's going to have even more ammunition to push interest rates higher in the coming months — and every move higher tightens the screws on the economy even more, ramping up risk of a recession.
Jose Luis Magana/AP
Drew Angerer/Getty Images
REUTERS/Eduardo Munoz
Hello, readers. I'm senior reporter Phil Rosen, writer of Insider's markets newsletter 10 Things Before the Opening Bell.
If you missed Jerome Powell's remarks from his first day on Capitol Hill yesterday, the TLDR is that more rate hikes are coming because the economy's still running hot.
Here's how Powell put it:
Elizabeth Frantz/Reuters