Fed Policy Fuels Economic Optimism and Business Investment in 2023, Though New Challenges Loom
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The Fed seems to have gotten monetary policy right in 2023, helping to fuel economic optimism and business investment.
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Massive new public infrastructure investment, over $2 trillion from recent laws, is spurring private sector investment.
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AI and tech companies like the "Magnificent Seven" have powered stock market gains, though the broader market is more muted.
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Regulatory overreach and antitrust actions are potential brakes on growth going forward.
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Robust economic growth in 2023, powered by tech innovation and public investment, may continue despite new challenges.