At a recent policy meet, the Federal Reserve’s officials agreed that the central bank should slow the rate hikes. Officials also acknowledged that they had made significant progress in their fight against the multi-decade high inflation.
Moreover, according to St. Louis Federal Reserve leader James Bullard the chances of the US economy experiencing a “soft landing” have grown since the fall of 2022. Also, according to Fundstrat Global Advisors, the U.S. market may record a 20% or more return in 2023.
