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Fed's Powell: Strong hiring could force further rate hikes

Federal Reserve Chair Jerome Powell said Tuesday that if the U.S. job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher than it now projects

Federal Reserve Chair Jerome Powell said Tuesday that if the U.S. job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher than it now projects. Powell’s remarks followed the government’s blockbuster report last week that employers added 517,000 jobs in January, nearly double December’s gain. The unemployment rate fell to its lowest level in 53 years, 3.4%.Powell made his remarks in an appearance at the Economic Club of Washington. Read moreFed's Powell: Strong hiring could force further rate hikes

Phoenix Open kicks off Super Bowl week in Valley of the Sun

The WM Phoenix Open has a huge new purse and star-packed field as golf’s biggest party kicks off Super Bowl week in the Valley of the Sun

The WM Phoenix Open has a huge new purse and star-packed field as golf’s biggest party kicks off Super Bowl week in the Valley of the Sun. In response to the Saudi-funded LIV Golf league, the tournament is an elevated PGA Tour event with a purse of $20 million and a winner’s share of $3.6 million. That's up from $8.2 million and $1.476 million in 2022. The golf tournament and NFL title game are in town the same week for the first time since 2015. Top-ranked Rory McIlroy is trying to make it three wins in a row on the PGA Tour after winning the Tour Championship in August and The CJ Cup in October. He also won two weeks ago in Dubai on the European tour in his first start of the year. Read morePhoenix Open kicks off Super Bowl week in Valley of the Sun

The WM Phoenix Open has a huge new purse and star-packed field as golf’s biggest party kicks off Super Bowl week in the Valley of the Sun. In response to the Saudi-funded LIV Golf league, the tournament is an elevated PGA Tour event with a purse of $20 million and a winner’s share of $3.6 million. That's up from $8.2 million and $1.476 million in 2022. The golf tournament and NFL title game are in town the same week for the first time since 2015. Top-ranked Rory McIlroy is trying to make it three wins in a row on the PGA Tour after winning the Tour Championship in August and The CJ Cup in October. He also won two weeks ago in Dubai on the European tour in his first start of the year. Read morePhoenix Open kicks off Super Bowl week in Valley of the Sun

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