Get Ready for Another Stock Market Tumble

Many people use the new year to make a fresh start. The market has certainly done so: After a painful 2022, the S&P 500 has jumped 5.5% in 2023, and is inching higher again Thursday following robust GDP data.

Yet as with so many resolutions, that confidence may be long gone come December.  

U.S. economy appears headed for a slowdown.

Forecasters say that growth is likely to slow, however, and possibly even reverse in the months to come, as consumers and businesses continue to deal with rising prices, as well as the Federal Reserve's aggressive push to boost interest rates.