Thought Leadership

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.




About Pitcairn

Pitcairn is a true family office and leader in helping families navigate the challenges and opportunities created by the interplay of family and financial dynamics. Through Wealth Momentum®, an experience-based family office model, Pitcairn helps families achieve a more effective and complete experience. Since its inception, Pitcairn has partnered with some of the world’s wealthiest families to meet their needs and drive better outcomes – year to year, decade to decade, generation to generation. Today, Pitcairn is recognized as an innovator, guiding families through generational transitions and redefining the industry standard for family offices. The firm is located in Philadelphia, with offices in New York and Washington, DC and a network of resources around the world.