In the first quarter of 2023, we continue to focus a potential conclusion to the Federal Reserve tightening cycle, banking sector volatility, and uncertainty surrounding a recession. Financial markets responded with higher levels of volatility in both equity and fixed income markets but ended the quarter with solid gains in both markets.
Market Strategist Nancy Johnshoy, CFA, explores key factors impacting the economy and the financial markets including:
- An established downward trend in the inflation rate
- Surprising strength in global economies
- Significant rebounds in last year’s equity market laggards
Thank you for reading First Business Bank’s Quarterly Market Review. We enjoy bringing you our analysis of the latest data and how that may impact your business and affect your personal financial decisions.