After more than a year of dealing with rapid inflation, consumers have become numb to higher prices. But as inflation cools, experts say there are strategies that can help you weather current conditions and prepare for a shift in interest rates.
According to relevant data, 96 IPOs have raised $18.8 billion in 2023. That's following on 2022, when a measly $7.7 billion was raised, the worst year for IPOs in decades. By contrast, a normal year should see at least $50 billion raised.
If characterizing the U.S. economy throughout 2023, it would be complex. A lot happened in 2023. In many ways, the economic environment born out of the Covid-19 pandemic came to an end as subsidies such as the student loan payment pause and expanded SNAP benefits expired.
Personally, investors should always review your finances every year end to prepare yourself for the new year. If you have some time over the holiday break, consider taking a financial hygiene day to review your finances, finding if you have some excess expenses in some items, such as gifts and travel.
After higher yields in 2023, investors are bracing for interest rate cuts that could put a damper on shorter-term savings. Federal Reserve officials expect three cuts in 2024, according to December meeting minutes released, but there's lingering uncertainty over when, or if, those changes may occur.
