2023 Showcased Mixed Economic Shifts in the United States

InflationMoney Matters
Written By Jennifer Joslyn

In 2023, the U.S. economy saw a combination of positive and negative trends. Grocery prices eased compared to the previous year, with items like eggs and butter becoming more affordable. Housing costs continued to rise, although mortgage rates showed some relief. While some expenses like restaurant meals remained high, falling gas prices contributed to cooling inflation and more affordable airfare. The labor market remained robust, with higher wages beginning to outpace inflation, and despite concerns, the economy continued to grow, with potential rate cuts on the horizon.

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Jennifer Joslyn
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