This year has been challenging for businesses and investors as they grappled with geopolitical tensions, multi-decade high inflation, and the Fed’s aggressive interest rate hikes to combat it. After six interest rate hikes, inflation finally showed signs of easing in October.
Federal Reserve Chairman Jerome Powell stated that smaller interest rate increases are likely ahead. Nonetheless, he cautioned that monetary policy would probably stay restrictive for some time until real signs of progress emerge on inflation.
