Posted 1/1/2024, 6:55:19 PM
Strong job market and inflation cooling, but economic outlook still uncertain
- Labor market cooling but still historically strong; questions around how much more it will slow
- Inflation much improved recently but uncertain if it stays at target levels
- Economy resilient so far but risks of slowdown or recession remain
- Corporate profits stayed high amid inflation; margin outlook decent but debt costs a potential headwind
- Stock market did very well in 2023; outlook fairly positive for 2024 but unpredictability always a factor