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

Tech Insider : Economy
waiter with her back to us with three pizzas in her hands on the restaurant terrace
The Fed is watching wage growth in the services sector.

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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.

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

Tech Insider

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

Tech Insider
Liz Ann sonders
Liz Ann Sonders.

Screenshot via Bloomberg TV

Oil prices drop alongside other commodities as Fed Chair Powell opens the door to even higher US interest rates

Tech Insider
oil rig

REUTERS/Jim Urquhart

Jerome Powell's testimony is rattling markets. Here's what 4 strategists are saying about the Fed's hawkish stance.

Tech Insider
Jerome Powell speaks at a Fed meeting
Federal Reserve Board Chair Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., July 27, 2022.

Elizabeth Frantz/Reuters

Elizabeth Warren asks Fed Chair Powell to 'speak directly' to the people he's 'planning to get fired over the next year' by continuing to hike interest rates

Tech Insider : Economy, Politics
Sen. Elizabeth Warren questions Internal Revenue Service Commissioner Charles Rettig during a Senate Finance Committee hearing June 8, 2021 on Capitol Hill in Washington, D.C. Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building on September 28, 2021 in Washington, DC.
Sen.

The Supreme Court may shut down student loan forgiveness — and refinancing startups are waiting to pounce

Tech Insider : Economy, Politics
A student nervously tries between two piggy banks, one with the American flag on it and the other with a bandit mask on.
Student loan refinancing companies like SoFi, Lendkey, and Navient offer big savings. But they also come with a big cost.

Liam Eisenberg for Insider

Salesforce CEO Marc Benioff is bracing for a brutal recession - and says he was blindsided by the market chaos last year

Tech Insider
Salesforce founder Marc Benioff, wearing a sports coat jacket and in front of a blue background on a stage, extends his hands forward during a talk.
Marc Benioff.

NICHOLAS KAMM/AFP via Getty Images

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