Stephanie Roth of Wolfe Research wrote that Fed chair nominee Kevin Warsh struck a more hawkish tone than anticipated in his confirmation hearing.

Stephanie Roth believes Kevin Warsh remains hawkish by nature, noting his opening remarks focused more on inflation than on the employment side of the Fed's mandate.

Productivity gains, rather than labor market growth, have been a key driver of recent US economic growth.

Wolf Research forecasts US GDP growth to be 2.3%.

The US economy is primarily being driven by spending from middle- to upper-income consumers.