As leaders of the world's largest economies gather In Bali, Indonesia, for the G-20 summit, some are calling for an end to Russia's war in Ukraine. This was an economically challenging year, for sure. A combination of rising inflation and a steep stock-market slump against the backdrop of political rancor will tend to do that. But there are still many reasons to give thanks.
Since 1950, stocks in the Standard & Poor's 500 index have risen 15% on average over the 12 months following midterms, he added. Perhaps just as important, the two traditionally weakest years in the four-year presidential-election cycle are now in the rearview mirror. The readings still are high enough to trigger more Federal Reserve interest-rate hikes, dampening economic activity, but the bitter medicine seems to work. National inflation has trended lower from a recent peak of 9.1% in June to 8.5% in July, 8.3% in August, 8.2% in September and, most recently, 7.7% in October.
Because Jesus was born, died, rose, gave and will return for us
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Stock market crash is coming in 2023, even if US economy avoids recessionInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Probably Business Insider journalists will lose their jobs first, if stock market collapses.
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