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What I love about Monso Business account is how easy everything is. It can be filtered,

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My name is Shun. I am the Founder of Target Trition.

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of a limited company, UK Business is only, terms and conditions apply.

Federal Reserve Chair Jerome Powell says economic data will determine how big the Fed's next

rate hike will be. If, and I stress that no decision has been made on this, but if the

totality of the data were to indicate that faster tightening is warranted, we'd be prepared

to increase the pace of rate hikes. Meanwhile, the higher cost of borrowing is weighing on the

housing market. Everybody is looking at the spring because that is the most important season

for the housing market. Usually about 40% of home sales for the whole year happened between March

and June. Plus, the US probes whether a pro-U crane group played a role in the Nord Stream gas pipeline

explosions. It's Wednesday, March 8th. I'm Ann Marie for Tolly for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that move the world

today. Federal Reserve Chairman Jerome Powell says economic data will determine the size of

the central bank's next rate increase. Those comments come on in a second day of testimony

before Congress. Yesterday, he said the Fed is ready to speed up the size of rate hikes if needed.

The Fed had downsized its last increase to a quarter percentage point. So, how are markets

reacting today? To help us understand what's going on, I'm joined by our chief economics correspondent

...