The stock markets are hoping that the Federal Reserve will be able to tame runaway inflation without causing undue financial hardship for millions of people.
But many analysts say that is unlikely.
Although the long-predicted recession of 2023 simply hasn’t happened — yet — the economy is still in a danger zone.
The Fed has already raised interest rates more in the last year than it had in any comparable stretch since the early 1980s, and inflation is still high.
