Investors had a brutal 2022. Here's what to expect in 2023.
Inflation, interest rates and a possible recession could weigh on markets. But there are also reasons for bullishness.
Inflation
Looking for positive signs on economy
Investors are looking for any positive signs to bounce back from a down 2022 in the stock market. Chief investment officer Ahmed Riesgo of Insigneo joined CBS News to discuss where those signs might come from.
Workers quit at higher rate in November, while openings stayed high
The job market remains strong — a good sign for workers but a blow to the Fed's efforts to cool inflation.
Top geopolitical risks include Russia, "weapons of mass disruption," report says
"The risks at the top of this list are aging dictators and tech bros," said Ian Bremmer of the research and consulting firm Eurasia Group.
Some employers offer largest raises in years
Employers are, on average, offering their highest raises in decades as they look to hold on to employees who might otherwise switch companies or jobs for a salary boost. Wall Street Journal reporter Gabriel Rubin joins "CBS News Mornings" to break down how salaries compare for workers who are staying put versus those who are jumping ship.
MoneyWatch: Financial predictions for 2023
2022 was the U.S. stock market's worst year since 2008. Javier David, the managing editor of business and markets for Axios and a CBS News contributor, joins us to breaks dow the challenges facing Wall Street and the risk of a recession in the new year.
Food banks struggle to meet demand
Food banks are having a hard time keeping up with families' needs as inflation raises the price of food and other essentials. Brian Ourien, director of brand marketing and communication at The Bowery Mission, joins CBS News to discuss the latest.
New York lawmakers become nation's highest-paid after 29% raise
The pay hike comes with restrictions, including a cap on outside income that will take effect in a couple years.
S&P 500 caps off dismal year with worst loss since 2008 crash
Major indexes close out tough year buffeted by stubbornly hot inflation, war in Ukraine and a lingering pandemic.
Slightly more Americans sought jobless aid last week
Should Fed's rate hikes cause a recession, a jump in layoffs and unemployment claims would be an early sign.
Average holiday debt jumps to $1,550 — an 8-year high
Almost 4 in 10 of consumers who went into debt expect it will take at least five months to pay off their bills.
Holiday sales are up 7.6% despite inflation, but spending changes
Cracks are showing as higher prices for basic necessities take up increasingly large share of consumers' pay.
Markets respond positively to latest inflation numbers
The Dow Jones rose Friday after the Federal Reserve's preferred measure of inflation eased again in November. Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management, discussed how the markets reacted to the news.
Key inflation measure watched by Fed eases
The personal consumption expenditures price index, the Federal Reserve's preferred measure of inflation, eased again in November. It's another sign high consumer prices are coming down. Frances Stacy, director of strategy at Optimal Capital, discussed the impact of inflation on the stock market.
Last-minute shoppers are back in droves. Thank inflation.
Higher prices on everything from rent to food leads shoppers to postpone gift buying until just days before Christmas.
An inflation measure watched by the Fed eases to 5.5%
Personal consumption expenditures increased at the lowest rate in over a year, showing the long run-up in prices is likely ending.
Stocks slide after strong economic reports
New reports from the Commerce and Labor departments showed a stronger-than-expected economy. Lori Bettinger, president of BancAlliance, joined CBS News to discuss the reaction on Wall Street.
Stocks plummet as good economic news fuels interest-rate fears
Wall Street loses its gains from the last two days, as reports show better-than-expected data on economy.
U.K. economy faces "stagflation," strikes
John Quelch, dean of the University of Miami Herbert School Business, joins "CBS News Mornings" to discuss the recent downturn n the U.K. economy.
Here's how much pay Americans say they'd need to switch jobs
The minimum salary people want has risen to 8-year high, reflecting a hot job market and high cost of living, a survey says.
Consumer confidence helps drive market
The Dow Jones Industrial Average gained over 500 points on Wednesday as investors reacted to a higher-than-expected consumer confidence report. Dana Peterson, chief economist at The Conference Board, joined CBS News to discuss her organization's findings and her expectations for 2023.
Stocks on Wall Street gain ground, turning higher for the week
Major stock indexes rose into the green for the week, as investors remain focused on hot inflation and a potential recession.
Here's when the 8.7% Social Security hike will arrive in 2023
Seniors and other recipients are getting the biggest bump since 1981. But tax and Medicare issues may complicate things.
Holiday budgeting amid inflation
Although inflation has shown signs of easing, many families are still feeling the pinch. But inflation does not have to be the Grinch that steals Christmas this year. Nancy Chen has more on different ways to budget.
Stocks fall for fifth straight trading day
Stocks fell for a fifth straight trading day on Monday after the Federal Reserve last week raised its forecast of how long interest rates have to stay elevated to cool inflation. Frances Stacy, director of strategy at Optimal Capital, joined CBS News' Lilia Luciano to discuss.
Politics may have spurred August purge of 5 veteran FBI agents
Details are emerging about the possible motivation behind the firing of five senior FBI agents.
House committee to make Epstein files public after Justice Department subpoena
The House Oversight Committee intends to release the documents related to the Jeffrey Epstein case, a spokesperson said.
Hurricane Erin threatens East Coast with dangerous rip currents
Meteorologists are closely tracking the projected path and forecast of Hurricane Erin, which is the first hurricane to develop over the Atlantic this year.
Noem says entire southern border wall will be painted black to stop climbing
Homeland Security Secretary Kristi Noem says the entire southern border wall with Mexico is being painted black to deter illegal immigration, at President Trump's request.
Kilmar Abrego Garcia's lawyers ask judge to dismiss criminal charges
Kilmar Abrego Garcia — who was wrongfully deported to El Salvador only to be brought back to face smuggling charges — asked a federal judge to dismiss his indictment.
Maps show Ukrainian territories claimed by Russia
Russian troops currently control about 20% of Ukrainian territory, but the Ukrainian constitution forbids giving up territory or trading land.
Nebraska governor announces plan for immigrant detention center
Nebraska Republican Gov. Jim Pillen announced plans Tuesday for an immigration detention center in a farming area in the state's southwest corner.
Hurricane Erin forces Outer Banks evacuations; East Coast beaches close
Hurricane Erin is forcing evacuations on North Carolina's Outer Banks as it threatens to whip up wild waves and tropical force winds.
Exclusive
U.S. strikes deportation deals with Honduras and Uganda, documents show
The U.S. has expanded its campaign to persuade countries to aid its crackdown on illegal immigration by accepting deportations of migrants who are not their own citizens.