US stocks rise as investors assess softer employment data and brace for key jobs report

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Federal Reserve Board Chair Jerome Powell.

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Some of Wall Street's top commentators fear a recession is at hand as rates set to go higher for longer

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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).  

The S&P 500 could fall 20% by midyear as Powell's hawkish testimony sets the stage for higher rates than markets were expecting, JPMorgan says

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Federal Reserve Board Chair Jerome Powell.

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The dollar is spiking against rival currencies as Fed boss Powell delivers tough talk on rate hikes

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A money changer holds stacks of US dollar notes in Jakarta, August 29, 2013. REUTERS/Beawiharta
A money changer holds stacks of US dollar notes in Jakarta

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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.

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A reading of more than 200,000 jobs added in February would be the Fed's trigger for a big March rate hike, Barclays says

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The Fed is watching wage growth in the services sector.

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US stocks rise as job gains come in strong and markets brace for Powell's 2nd day of testimony

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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.

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The risk of a stock-market crash just shot up after Fed boss Powell signaled bigger rate hikes, Mohamed El-Erian says

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Mohamed El-Erian
Top economist Mohamed El-Erian has warned of heightening risk of a stock market crash.

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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: 

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