At the beginning of 2023, the most pivotal question was if the Federal Reserve could adeptly guide the economy to a soft landing amid the ongoing tightening cycle. While the jury is still out, it seems the Fed has concluded its interest rate hikes, given easing inflation pressures. Judging by market performance, where the S&P 500 Index surged by over 26% throughout the year, one might be inclined to view this as a successful mission.
