2022 was underscored by volatility in the financial markets, rapidly rising interest rates, and recession uncertainty. Despite a robust labor market and strong consumer spending, higher interest rates appear to be causing economic activity to slow. Market Strategist Nancy Johnshoy, CFA, explores key factors impacting the economy and the financial markets including:
- Inflation rates that appear to have peaked but are still well above the Fed’s 2% target
- What to expect in 2023 after the strongest interest rate hiking cycle since the 1980s
- Global implications of higher energy prices and commodity shortages
The First Business Bank Quarterly Market Review, brought to you by our Private Wealth team, is an in-depth analysis of domestic and worldwide economic trends that affect your business and personal financial decisions.