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.
Howdy readers. I'm Phil Rosen, reporting from Manhattan.
Remember the whole "good news is actually bad news" relationship between the economy and markets?
Well, yesterday we learned private sector economic activity clocked in at multi-month highs, which means businesses are gaining momentum.
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.
Happy Saturday readers. I'm senior reporter Phil Rosen.
As a journalist, I'm always keen on interesting conversations — especially when I get the chance to share them in this newsletter.
Have a suggestion on who I should speak to next? Tweet me @philrosenn or email me at prosen@insider.com and let me know.
TGIF. Phil Rosen here, reporting from New York City.
I'm happy to see that, finally, the rest of the world seems to be catching on to the magic that is Magic: The Gathering.
Haven't heard of it? Well the once-niche card game just became a $1 billion brand.
Good morning, Opening Bell readers. Phil Rosen here.
It's not because I'm vegan, but I haven't bought eggs in months now. Thanks to inflation, a dozen eggs now costs more than a pound of beef.
Happy hump day, readers. I'm senior reporter Phil Rosen, writing to you from Manhattan.
Today we're going over why some of the most astute voices on Wall Street are advising a shift from stocks to bonds — and what we learned yesterday helps explain why.
Good morning, readers. I'm Phil Rosen, reporting from New York City.
The Bureau of Labor Statistics publishes January's CPI data at 8:30 a.m. ET today.
Economists expect inflation to have cooled to 6.2% year-over-year, down from 6.5% the prior month.
Inflation continues to come off June's high of 9.1%, but it remains well above the Fed's 2% target. Policymakers have reiterated hawkishness on several occasions, yet markets are still acting like easing rates are a sure thing.
Happy Monday, readers. I'm Phil Rosen, reporting from New York City.
In case you missed it, last week Microsoft held an event that had the buzz of a Steve Jobs iPhone launch.
GM, readers! I'm Phil Rosen. It's great to see you on a Saturday.
As you've likely seen, artificial intelligence has been the talk of the town.
