Posted 11/26/2023, 1:04:56 PM
Inflation Eases, Rates Steady, and Stocks Rebound as Economy Shows Signs of Strength
- Inflation has dropped noticeably since mid-2022 and is much closer to the Fed's 2% target
- Interest rates have largely stabilized since aggressive hikes last year
- Stock market has strengthened in recent weeks and is on track for a solid yearly gain
- Corporate earnings are expected to increase after 3 straight quarters of declines
- Federal debt outlook has improved slightly due to recent legislative actions, though more progress is still needed