Goldman Sees No 2023 Upside For Stocks Despite Likely Fed Pause

Fed officials would prefer it if you'd countenance another 25bps rate hike -- one for the road, so to speak. The events of the past several weeks made it clear that "this time" most assuredly wasn't "different" when it comes to Fed hiking cycles ending in breakage. To be sure, plenty broke last year as a direct result of rapid Fed tightening, but US bank failures were a clear indication that financial stability is now at stake. The Fed claims it can fight inflation and guard against systemic r