European markets are heading for a lower open Wednesday as investors react to the latest comments from the U.S. Federal Reserve's Chairman Jerome Powell.
testimony of Federal Reserve Chairman Jerome Powell"The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated," Powell said in prepared remarks.
"If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes," Powell also said. Over the year so far, Tesla shares are up around 57%, but looking ahead, analysts are divided on the company's prospects.There's still a path to a soft landing, Morgan Stanley's global chief economist says
Carpenter expects that nonfarm payrolls will need to ease below 100,000 per month to accomplish that goal. Investors are anticipating the February jobs report this week to see whether the economy is continuing to heat up, or if January's blockbuster report was an aberration.
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