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
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
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.