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A New Christmas Tradition: Take a Walk?
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By Staff Reporters
If everyone was an opinionated virologist in 2020, then 2022 turned us all into macro-economists. In an effort to fight historic inflation, the Fed raised its benchmark interest rate seven times this year, pushing it to a 15-year high. Chair Jerome Powell’s hawkish turn slowed the economy and was a major catalyst for the brutal sell-off in stocks, particularly in the tech sector. This year, Amazon became the first public company to lose $1 trillion in market value.
CITE: https://www.r2library.com/Resource/Title/082610254
EVEN HOUSING MARKETS DOWN
The U.S. housing market is experiencing its second-biggest home price correction of the post-World War II era. Macro Trends Advisors founding partner Mitch Roschelle attributed the massive correction to Americans’ uncertainty for the markets and their “uneasiness” regarding the economy. He explained on “Varney & Co.” that the “shoe to drop” would be if the nation starts to see a rise in unemployment, which could cause a “leg down” in the housing market.
Finis?
So what’s ahead for 2023? According to MorningBrew, Economists think that a recession is likely, but a few are holding out hope that the Fed can achieve a so-called “soft landing,” where it brings inflation down to normal levels without causing the economy to shrink. Recent months have brought cautiously hopeful news: Annual inflation has cooled from a peak of 9.1% to 7.1%, so rate hikes are expected to be much less aggressive next year.
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This Medical Executive-Post is dedicated to Army Captain Cecelia T. Perez, RN, ANC, who served with the 67th Combat Support Hospital (CSH) in Tikrit, Iraq, during Operation Iraqi Freedom II.
Cecelia – a Bronze Star Medal Award holder now retired – wishes Season’s Greetings and Happy Holidays to all, with hope for a healthy and prosperous New Year 2009.
She made us proud of her courage in the field, and we are awed by her talents as the ultimate medical professional, nurse-executive, and healthcare administrator.
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