Chip Somodevilla / Staff
- The Fed so far has lowered inflation from historic levels without crushing growth.
- US GDP grew at 3.3% in the fourth quarter, the job market remains robust, and stocks are soaring.
- The Fed must now balance recession risks with a rebound in inflation.
At the start of 2023, Wall Street's recession calls were so loud they drowned out chatter of just about any other economic outcome.