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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.
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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.
Maybe it was just too good to be true.
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 and hiring remained sturdy despite rising interest rates. Perhaps, the thinking went, the Fed’s inflation fighters were managing to nail a notoriously difficult “soft landing″: A scenario in which borrowing and spending slow just enough to tame inflation without tipping the world’s biggest economy into a recession. Then something went wrong: Inflation resurged, and with it fear that the Fed might have to raise rat...
<div class="at-above-post addthis_tool" data-url="https://www.metro.us/us-economy-sending-mixed-signals-heres-what-it-all-means-2/"></div>WASHINGTON (AP) — Maybe it was just too good to be true. 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 and hiring remained surprisingly sturdy despite ever-higher interest rates imposed by the Federal […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddT...