Inventory-market traders have a lot of motives to really feel gloomy heading into 2023: Inflation is still large, the housing current market is sputtering and the Federal Reserve just lifted interest rates by an additional 50 foundation details.
What is extra, central bankers indicated Wednesday that their benchmark charge could peak at 5.25% upcoming year, a amount past noticed in the run-up to the 2007-’08 world-wide financial crisis, despite the fact that not way too much from its latest 4.25% to 4.5% range.
But…
