For months, the specter of “recession 2023” loomed large, casting a shadow over household budgets and business plans. The December Federal Open Market Committee (FOMC) meeting emerged as a pivotal moment. Following a period of unprecedentedly rapid rate hikes, the Federal Reserve provided a semblance of optimism by maintaining the federal funds rate at 5.25% – 5.50%.
The markets interpreted this as an indication of a more measured shift away from the previously aggressive rate increases. This stance, in conjunction with the recent trends of decreasing inflation and a slowdown in economic growth, points to a possible alleviation of the looming recession… Read more on bitcoinnews