Equities endured a challenging 2022, filled with several macroeconomic and geopolitical challenges. Although we entered a new year, the Fed’s intention to keep raising interest rates and a potential recession continue to concern investors.
Last year, the Fed’s seven interest rate hikes showed the desired results as inflation eased for the third consecutive month in December. In the final month of 2022, the Consumer Price Index (CPI) increased by 6.5% over last year and decreased 0.1% from the prior month.
