Q4 and 2023 Economic Wrap Up

February 2, 2024

The U.S. economy held up much better in 2023 than many expected it would. While an upcoming recession is not completely off the table, it is possible that the Fed has managed to engineer a soft landing for the economy despite raising rates significantly over the past few years.

The U.S. stock market seems to have heard that signal loud and clear as it surged over 11% during the fourth quarter to complete a strong year of performance overall. The S&P 500 index, including the reinvestment of dividends, finished up 26.29% during 2023.

Read the Economic Outlook Report.

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