Business
Stocks Could Be Back About 10% By 2023 — But First They’ll Fall
For U.S. investors, 2023 looks like two years in one, with the stock market falling for the first time in anticipation of a recession, only to recover as the outlook improves. in 2024. One thing remains the same: The Federal Reserve will direct the decision. it did this year, as it tried to curb rampant inflation and restore price stability.
Stocks could continue to slide as 2023 unfolds, especially if the Fed’s rate hike pushes the economy into recession. Then again, a more modest recession may be enough to slow price growth to levels close to the central bank’s annual target of 2%.