Goldman Sachs

This week felt like the longest month ever. Phil Rosen here — who knew you could age so precipitously in so few calendar days? 

Good morning. I'm senior reporter Phil Rosen. 

As regional bank stocks tanked yesterday, contagion remains top of mind, and commentators are warning of more risks to the financial sector. 

Gooood morning readers! I'm Phil Rosen. On tap today we've got a great interview with a top real estate economist and this week's best markets stories, including updates on the Silicon Valley Bank meltdown.

Before we get to that — who do you think I should speak to next? 

Good morning. I'm Phil Rosen, writing to you just blocks away from the Federal Reserve building in Manhattan. 

Yesterday on Capitol Hill, Jerome Powell reiterated his warning that the Fed's more than ready to keep jacking up rates if necessary. 

Inflation hasn't gone away as easily as policymakers want, and Powell thinks that may just warrant a steeper policy path. 

He did make clear, however, that nothing yet is set in stone (traders have doubled the expected odds of a half-point hike at this month's meeting).  

Hey there readers. Phil Rosen here — writing to you from behind a cup of coffee that definitely feels more expensive than it was a year ago. 

You don't need me to tell you inflation has stayed stubbornly high for a while now, despite the Federal Reserve's aggressive bid to cool it down.

In June, inflation reached a four-decade high, and while it's eased somewhat since then, everyday Americans are still feeling the heat.