Bear market likely to last in 2023 as Fed raises interest rates higher

UBS managing director and senior portfolio manager Jason Katz says the longer the Fed stays hawkish, the higher the chances are for a recession. is coming to an end, but investors hoping to see a brighter 2023 may be out of luck.the Federal Reserve

The S&P 500 is down more than 20% so far this year, while the Dow Jones Industrial Average has plunged more than 3,800 points. The tech-heavy Nasdaq Composite, meanwhile, has tumbled about 33%. Fed policymakers voted last week to raise the benchmark interest rate by 50 basis points to a range of 4.25% to 4.5%, slowing their campaign to cool the economy amid early signs that stubbornly high inflation is finally starting to ease.

Bank of Japan?

You said that last year

BidenDestroysAmerica

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