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Happy Friday, team. I'm senior reporter Phil Rosen.
In case you missed it, the European Central Bank Thursday made a half-point interest rate hike, marking its fifth consecutive move as part of its inflation-fighting efforts.
EU policymakers plan to make the same sized hike at their meeting in March, similar to expectations for the US central bank to repeat yesterday's rate hike at its next meeting.
Happy hump day, readers. I'm senior reporter Phil Rosen.
If the collapse of FTX has been the headline story over the last several months, it certainly feels like ChatGPT has taken the mantle for the near future.
Good morning, team. I'm your host, Phil Rosen.
Welcome back, readers — Phil Rosen here. On this day 54 years ago, the Beatles played their last-ever gig on a rooftop in London.
And just the same, today marks my last Monday writing to you from California this winter.
That's not to say I'm on par with the Beatles, but I've never really believed in coincidence. I'll leave that verdict for you.
Now — into the housing market we go.
iStock; Rachel Mendelson/Insider
Happy weekend, team. I'm Phil Rosen. As you could guess from this newsletter, a big part of my job involves speaking to top experts in markets and economics.
I'm always looking to speak with Wall Street strategists, energy analysts, investment bankers, and everyone in between.