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It is likely that the Fed will continue its current path of gradually raising interest rates in 2023, although it is possible the rate hikes may slow. The overall amount of rate hikes in 2023 is uncertain, but if the economy continues to perform well, the Fed may look to increase rates higher than the current estimated range. The Fed is likely to be cautious in its policy decisions as global economic conditions remain fragile. Any abrupt changes in the course of monetary policy could have significant impacts on the economy, so investors should expect the Fed to make decisions that both foster economic growth and maintain economic stability.
