The Bottom Line

The Bottom Line

May 23, 2023

The Economy Will Weaken, but Not Harshly

The stage has been set for an economic slowdown, with a high probability of it becoming a recession. The catalyst began last year when the Federal Reserve Bank (Fed) started to raise the federal funds rate. In just over a year, they have increased the rate by five percentage points, making it the second fastest rate escalation in recent history.

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The views stated in this letter are not necessarily the opinion of Cetera Advisors LLC and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein. Due to volatility within the markets mentioned, opinions are subject to change without notice. Information is based on sources believed to be reliable═ż however, their accuracy or completeness cannot be guaranteed. Past performance does not guarantee future results.