Areas Feeling The Strain Of High Interest Rates

Clouds are on the horizon after a year of a robust job market, economic growth, and moderating inflation, notes Greg McBride. He discusses 2023 market performance in perspective. He also talks about potential economic headwinds to watch. He highlights that the weight of rate hikes are showing up in a slowing economy and job market, and households are under financial strain. He mentions that the economy coming from a position of strength to slower growth doesn’t necessarily mean recession. Tune in to find out more about the stock market today.