LPL Financial has released its midyear outlook 2023 report.
The economy and markets made progress toward regaining balance in the first half of 2023.
Despite the market gyrations, such as three banks failing in March and May, the overall financial system seems stable. Counterbalancing the challenges, some bright spots include:
· Inflation is under 5 percent in the United States, significantly lower than its 8.3 percent level this time last year
· The fed funds rate is approaching its apex as the Federal Reserve grapples with the unknown impacts yet to emerge from its aggressive tightening cycle
· Global inflation has ticked down from its 8.7 percent high in 2022 and is following a slow descent to a projected 6.5 percent for 2023
To read the full report, click here.
