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2023 Midyear Outlook: Is the US Economy Half Empty or Half Full?
Heading into 2023, a looming recession dominated the headlines. Moody’s Chief Economist Mark Zandi quipped at the time, “CEOs are falling over themselves to say we’re falling into a recession. . . . Every person on TV says recession. Every economist says recession. I’ve never seen anything like it.” Fast-forward to today at the midyear point of 2023, and the data is telling a different story. Inflation has fallen by 2.5 percent, more than 1.8 million jobs have been created in the past six months, and the S&P 500 has had one of its best starts in 25 years. Many investors are now asking, what happened to that ... (full story)