Business icon Ken Langone blasts the Fed for letting inflation run riot - and warns a financial crisis seems inevitable

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ken langone
Ken Langone.

REUTERS/Rick Wilking

Housing market sentiment is nearing all-time lows as Americans fret over mortgage rates and employment outlook

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oregon housing

REUTERS/Steve Dipaola

BlackRock says there's a good chance the Fed will have to hike interest rates to 6%, the highest level in 20 years

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Rick Rieder
Rick Rieder, CIO of fixed income at BlackRock.

Steve Marcus/Reuters

Citadel boss Ken Griffin warns a recession is looming - as household savings dwindle and surging interest rates bite

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Ken Griffin
Ken Griffin.

Screenshot YouTube/Milken Institute

The Fed may stutter-step its tightening cycle for the first time in 3 decades, and stocks will lose the tug of war with rates, DataTrek says

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Traders in the NYSE
Traders and financial professionals work ahead of the closing bell on the floor on the New York Stock Exchange (NYSE), October 26, 2018 in New York City. The Dow Jones Industrial average was down nearly another 300 points at the close on Friday. Disappointing earnings numbers from key technology companies, including Amazon and Alphabet, were driving forces for the markets' slide.

Drew Angerer/Getty Images

'Bond King' Jeffrey Gundlach warns of jumbo rate hikes because the US economy is too hot

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jeff gundlach
CEO and CIO of DoubleLine Capital Jeffrey Gundlach

REUTERS/Eduardo Munoz

The market response to Powell's testimony was anything but muted

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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: 

The US housing market is in recession - and the pandemic has created a unique economic headache, elite strategist Liz Ann Sonders says

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Liz Ann sonders
Liz Ann Sonders.

Screenshot via Bloomberg TV

Dow drops 574 points as Fed chief Powell opens the door to steeper rate hikes

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Federal Reserve Chair Jerome Powell
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on December 14, 2022 in Washington, DC.

Alex Wong/Getty Images

Markets are pricing in higher odds of a bigger Fed rate hike this month as Powell delivers hawkish testimony and key bond yields top highest level since 2007

Tech Insider : Economy
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill in Washington, Tuesday, March 7, 2023.
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on March 7.

AP Photo/Andrew Harnik

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