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Rising to the Challenge
June 2023
In 2022, the post-pandemic financial recovery continued to face major head winds, as illustrated by several economic measurements. The stock market’s performance was the worst since 2008, inflation remained high despite the Federal Reserve Bank’s efforts, and by the end of 2022, contraction occurred in manufacturing activities. However, looking at the trends in the economic data, there is evidence that inflation is declining and there is a return to growth in the U.S. economy.
Despite the continuing challenge..
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