What's next for stocks in 2023?
Jurrien Timmer sees a choppy sideways market for stocks.
December 22, 2022
Chart of the week
Throttling backLast week, the Fed again raised its key lending rate, this time by half a percentage point. All those rate hikes may be starting to pay off—since June, the headline inflation rate has fallen from 9.1% to 7.1%.
Sources: Federal Reserve Board Open Market Operations archive (interest rate increases), Bureau of Labor Statistics (inflation)