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For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot. Inflation was steadily slowing from painful heights, and growth
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Stock prices surged in the first six weeks of 2023 on expectations that the Fed might soon pause and eventually reverse the series of aggressive rate hikes it began nearly a year ago. Then something went wrong.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/tronc/2CSCUCEYWGMEXZY2MAT35FJ7GQ.jpg)
Stock prices surged in the first six weeks of 2023 on expectations that the Fed might soon pause and eventually reverse the series of aggressive rate hikes it began nearly a year ago. Then something went wrong.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/tronc/2CSCUCEYWGMEXZY2MAT35FJ7GQ.jpg)
Stock prices surged in the first six weeks of 2023 on expectations that the Fed might soon pause and eventually reverse the series of aggressive rate hikes it began nearly a year ago. Then something went wrong.