8 Market and Economic Predictions for 2023

High inflation, rising interest rates and recession fears have made for a rough financial ride in 2022, with falling stock and bond prices pummeling portfolios for much of the year. Stocks have rallied this quarter as inflation has started to moderate, while questions over the Federal Reserve's actions on interest rates continue to generate economic uncertainty. The S&P 500 closed at 4,003.58 on Tuesday, down 16% year to date; the index has ranged from a 4,828.62 peak on Jan. 4 to a 3,491.58 trough on Oct. 13. Market strategists are starting to weigh in on their outlooks for 2023, with some predicting recession and some forecasting a better year for stocks. See the gallery for their insights on markets and the economy and how clients might position their portfolios heading into the new year.