Page 6 - Peter Essele News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Investors are hoping for a dovish turn from the central bank.

NEW YORK (AP) — Easing inflation and a cooling job market are raising hopes on Wall Street that a gentler Federal Reserve is on the way in 2023. That’s despite the central bank’s own adamance that it will keep raising rates from their current 15-year high and hold them there into 2024.

The Fed's goal in raising interest rates has been to fight inflation by making borrowing more difficult and to slow economic growth. The strategy, though, hurts investment prices and risks slowing the economy too much and causing a recession.

With inflation cooling and interest rates seen peaking soon, some strategists say it's time to buy stocks and bonds again to rebuild your wealth.

Analysts cautioned that while Thursday's inflation report showed inflation at its least debilitating level in more than a year, it still leaves room for continued pressure on the economy.