Fed

Happy Friday eve, team. Phil Rosen here. Did you catch yesterday's Fed minutes release? 

It looks like central bank officials unanimously agreed that the last rate hike of 25 basis points was the appropriate size, and that slowing down the pace would "better allow them to assess the economy's progress."

But several participants would have also backed a half-point hike, the minutes showed. 

That tells us we should be taking the Fed at its word: The inflation battle isn't over. 

I hope you enjoyed the long weekend. I'm senior reporter Phil Rosen — it's good to be back. 

The talk of the town through all of 2022 was how badly stocks were doing, but that's been reversed over the last seven weeks. 

Indexes are all moving up and to the right, and investors are piling back into some of the biggest losers of last year like crypto, electric vehicle stocks, and tech.