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Inflation Battles, AI Mainstream, Labor Victories: 2023 Business Review

File - Taylor Swift performs during "The Eras Tour," Monday, Aug. 7, 2023, at SoFi Stadium in Los Angeles. Megastar Swift dominated popular culture in 2023, going on the first-ever $1 billion tour and

In the whirlwind of 2023, the business world was filled with unexpected twists and turns. From battling against inflation to the rise of artificial intelligence, here are some of the top stories that captivated our attention and shaped the year.

One of the major battles of the year was against inflation. Central banks around the world deployed aggressive interest rate hikes to rein in the soaring prices caused by supply shortages. Thankfully, these efforts proved successful, and by the end of the year, inflation had significantly decreased from its peak in 2022.

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