The stock market ended 2022 as the worst year since the 2008 economic meltdown, with the Fed launching four consecutive 75-basis-point rate increases in 2022 before wrapping the year with a slightly lower 50-basis-point rate hike.
However, as inflation showed some signs of easing in recent months, the Fed is poised to slow the pace of their interest-rate hikes going forward. Citigroup Inc. Chief Executive Officer Jane Fraser says the Federal Reserve could slow rate hikes in late spring or by early summer.
