The stock market faced a challenging 2022 filled with macroeconomic and geopolitical issues. Inflation touched a 40-year high, and the Fed raised the benchmark interest rate seven times to combat it.
Minutes from the Fed’s December policy meeting indicate that interest rate hikes will continue until more progress is made on bringing inflation down. Analysts, CEOs of companies, and consumers are worried about a recession this year. However, Moody’s Analytics expects a ‘slowcession’ to play out this year and the economy to narrowly avoid a recession.
