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December 11, 2023
Inflation eased in 2023. That's giving investors hope for a gentler Federal Reserve next year
Wall Street is betting that the Fed will start cutting interest rates by mid-year in 2024.
By DAMIAN J. TROISE
AP Business Writer
Retailers and other consumer-focused companies could benefit from a resilient economy with easing inflation and lower borrowing costs.
NEW YORK — Inflation gradually loosened its grip on Wall Street and the economy in 2023, raising hopes for a gentler Federal Reserve and solid gains for the market next year.
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