Daily News | Investors are bracing themselves. Will 2023 be another rough year?
Philadelphia’s deputy budget director under Mayor Michael Nutter, J.P. Morgan’s top researcher on, gig work and stimulus programs since then, Greig is the new head of investor research and policy at Vanguard’s Investment Strategy Group, tracking how households spend and save as the economy strengthens and slips.
on their credit card or auto loan payments, incurring higher fees and suggesting hardship is spreading for those whose meager savings are wearing out. In many cases, yes, — but even with their highest-ever earnings, financial stocks are still down, according to aout this week from Janney Montgomery Scott LLC’s capital markets group, headed by Joe Culley.
“Given the higher yields, the reduced valuation in , we think we are poised for modest returns going forward,” said Fred Snitzer, Prudent’s co-owner. “Though equities still aren’t that cheap. They are closer to the long-term averages.” “The worst is behind us in terms of inflation,” with interest rates likely to stabilize, Schardt said, but a broad slowdown, or even a recession, is still likely. Federal Reserve interest rates “are likely to remain elevated for awhile,” staying in the 5% to 5.5% range and slowing the bank borrowing that feeds the economy.
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