But they expect other key measures to be less positive. Here’s what that means for the Fed.

That could be a sign that the Fed’s interest rate hikes are working and the economy is cooling.

There is growing confidence that the Fed can pull off lowering inflation without a recession, said Chicago Fed CEO Austan Goolsbee.

Central banks have a couple of tools they can use to push back, including interest rate hikes and selling U.S. dollars..

But what they’re spending their money on is shifting.

In 2022, Powell warned of painful moves to get inflation under control.

S&P Global’s investment manager index survey says most sectors are losing favor with investors. What’s going on?

Goldman Sachs economists predict rate reductions next year based on declining inflation, which would make high rates unnecessary.

Higher interest rates hit businesses in multiple ways. The longer rates remain elevated, the harder it gets.

The move lifted the Fed’s benchmark short-term rate from roughly 5.1% to 5.3% — its highest level in 22 years.