Twilio investors are likely hoping that the banks' solid earnings indicate the U.S. economy is still strong despite rising inflation and aggressive interest rate increases from the Federal Reserve. The Fed will likely hike the federal funds rate again at its November and December meetings to curb inflation -- which is still at a nearly 40-year high. Of course, no one knows for sure if that will occur, but Twilio investors should anticipate more share-price swings as investors try to determine if a recession is coming and how severe it might be.