By no measure was 2022 a good year for investors. Looking into 2023, there are three issues that will impact the market: The Fed and Interest Rates, Ukraine/Russia/Energy, China/Supply Chains.
There is no doubt that the rapidly growing inflation rates seen around the world in 2022 have severely impacted Americans. September 2022 numbers show the US inflation rate hovering at about 8.2% for the previous 12 months(1) as American families struggle to keep up with rising costs of basic needs like food and gas. The IRS recently released adjustments for over 60 tax provisions in response to the overwhelming inflation rates...
It is no surprise that inflation is skyrocketing in the US. The current inflation rate for 2022 exceeds 9%. Typically, annual inflation is estimated to be about a “standard” 3%. So what has happened to cause this craziness, and what does it mean for you?