Morning Brief 03/03/2023

U.S. stocks rallied on Thursday, as Treasury yields pulled back from earlier highs following comments from Atlanta Fed's President Raphael Bostic about his favored path of interest rate hikes for the central bank. Bostic said he favored "slow and steady" as the appropriate course of action for the Fed. Monthly payrolls and consumer prices data in the coming days will offer investors more clues on how aggressive the central bank may be heading into the Fed's March 21-22 meeting, where it is currently expected to raise rates by 25 basis points.