A strong economy is pushing the Fed toward raising rates instead of cutting, even as stocks climb on solid jobs data.

• A panel of central bank chiefs, including new Fed pick Kevin Warsh, speaks tomorrow morning, and any hint on rates will move markets.
• Jobs openings just beat expectations, and more strong jobs data this week could push the market to expect three rate hikes this year, per Bank of America.
• That helped drive a rally — Tesla and SpaceX-linked names jumped sharply, along with chip and hardware stocks.
• Not everyone is winning: AI is quietly cutting jobs in areas like call centers, data entry, and graphic design.
• A Fed official hinted rates may need to go up if consumers keep spending, while some banks (UBS) see no hikes at all this year.

Outlook: Watch Warsh's panel and Thursday's jobs report for clues on whether the Fed leans toward hikes or surprise cuts.