The Market in Five Charts: March 2023
The U.S. Federal Reserve’s Pivot Has Faltered
March 2, 2023 - The stock market is giving back some of the early 2023 gains that were seen back in January, says Chief Global Strategist Rick Pitcairn in this month’s Market in Five Charts. The expectation that the U.S. Federal Reserve would pivot and start to lower rates has not been realized because of stronger economic data that has come out recently. Meanwhile, geopolitical concerns, social spending by the federal government plus wage inflation continue to put pressure on the economy.