These three big unknowns will drive markets in 2023
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. We’re in the salad days of the New Year — that period where many feel refreshed and motivated and perhaps even optimistic about the year to come. There’s a certain clarity that comes during this time in January.
While American bank accounts are still fairly robust, consumers are borrowing more. In the third quarter of 2022, credit card balances jumped 15% year over year. That’s the largest annual jump since the New York Fed began tracking the data in 2004. Will the Fed pivot? This is the main question on every investor’s mind — and the answer will not only help determine what happens to markets this year, but also whether the economy will fall into recession.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alibaba, US-listed Chinese firms make roaring comeback in 2023 | CNN BusinessChinese tech giants are witnessing a dream start to the year.
Read more »
These are the technology trends that will shape our lives in 2023 | CNNCNN asked four experts to predict which technologies will shape our lives in 2023. From AI to green energy, here's what they said.
Read more »
New space missions will launch to the moon, Jupiter and a metal world in 2023 | CNNIn 2023, NASA will send a spacecraft to a metal world, samples from an asteroid will be dropped off on Earth, the Artemis II astronauts will be selected, and several new commercial rockets could make their launch debut.
Read more »
Here's where Americans will pay less in state taxes in 2023 | CNN PoliticsStates are kicking off 2023 with a bevy of tax changes for their residents and businesses. Some 38 states had noteworthy alterations -- mostly net tax reductions -- take effect on January 1.
Read more »
Gallery: A look at major downtown Jacksonville projects heading into 2023 - Jacksonville Business JournalThe list features ventures from out-of-state and local developers, both adaptive reuses and new construction, spread across a variety of multifamily, hotel and retail sectors.
Read more »
Office sector will continue 'to languish' in 2023, market watchers predict - Phoenix Business JournalThe U.S. office market still hasn't recovered since the pandemic forced office employees into remote work, a trend that remains strong even as a growing number of companies become more aggressive about getting employees back to the office.
Read more »