Capital Market Impact

Cycle Watch | July 2023 Recession still on hold

July 14, 2023
A professional presenting findings to a few clients.

This time last summer, inflation had surged to a 40-year high of 9.1%, with everyday essentials becoming more expensive. Since then, inflation has dropped sharply to 3%, its lowest point in two years, but still higher than the Fed’s 2% target rate. Yet still, this is some of the most hopeful news since the Fed began its tightening policy early last year that it can pull off a soft landing for the economy.


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