The Fed’s March meeting notes dropped on Wednesday, and they detailed the central bank’s plans to “shrink their portfolio of bond holdings imminently” as well as the “many” fed officials auguring for significant rate hikes in order to tame stubbornly high inflation – NYTimes and WSJ and MarketWatch and Bloomberg and Marketplace

Those big moves—at least by Fed standards—were enough to give Wall Street the jitters, and markets closed down for a second day after reading through the minutes, showing just how difficult the central bank has it when trying to deliver a soft landing - NYTimes and WSJ and Bloomberg

SEC officials have opened a probe into Amazon’s disclosures of certain business practice details, “including how it uses third-party-seller data for its private-label business” as part of a broader anti-competition review of the company - WSJ

Speaking of Chair Gensler’s bunch, the White House is reportedly close to announcing the nomination of staffers from each party to fill “remaining vacancies at the top U.S. markets regulator.” If approved by the Senate, the nominations of Jaime Lizarraga and Mark Uyeda would “give the SEC a full roster of five commissioners for the first time” since January - WSJ and Law360

After years of shying away from tech, Mr. Buffett has quietly amassed a more-than 11% stake in HP. The $4.2 billion position makes Buffett’s Berkshire Hathaway the “single largest shareholder in HP,” and news of his interest sent company stock soaring on Wednesday - WSJ and Bloomberg and MarketWatch

Block, the parent company of the Square payments system as well as stock trading application Cash App Investing, disclosed this week that a former employee accessed the sensitive information of “more than eight million users” of the investing app by downloading “corporate reports after leaving the company.” Block clarified that the information of Square users was not implicated - NYTimes

Apple and Google have made waves in the tech industry in recent months by announcing privacy changes that “threatened to upend online tracking and cripple digital advertising.” But as the Times explores, no matter how much those tech giants are splashing around their commitment to privacy, the moves have only “reinforce[ed] the power of some of tech’s biggest titans” - NYTimes

The come-to-Jesus moment for organized labor that’s wrapped up in the recent success of the “little-known independent union that didn’t exist 18 months ago” yet bested Amazon in Staten Island - NYTimes

In testimony before Congress yesterday, top oil industry execs did their best to deflect claims “that they are gouging consumers during a global crisis,” blaming “market forces” for consumer prices rather than their own machinations - WSJ and MarketWatch and NYTimes

Couple hours to kill and in need of some media? You could do a lot worse than digging into the Revolutionary Era’s flawed but fascinating Most Interesting Man in the World, Benjamin Franklin, courtesy of Ken Burns - PBS

Stay safe,

MDR