Stocks ended 2022 with their worst showing since 2008 as interest rates rose throughout the year, pressuring once high-flying growth and big tech stocks., embarking on the fastest pace of interest rate increases in decades, and it hasn’t finished yet.
At December’s meeting, the central bank indicated rates would continue to rise until it was satisfied its mission to tame price increases was completed.Investors are eager to put the year in the rearview mirror and are hoping economic data this week can help push them forward. On Friday, the jobs report for December is due, and data on
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