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Quarterly Market Review: Q2 2023 By: Paul Dickson, Director of Research and Giri Krishnan, Senior Portfolio Manager An Unsinkable Economy? A tight labor market and continued high consumer demand appear to have staved off a recession – possibly until 2024 (if even then). This resilience has meant continued inflationary pressures and points toward more Federal Reserve rate hikes this summer. So far, the U.S. economy has defied many economists’ more dire predictions. Hopes are growing for a “soft landing,” even after the most dramatic tightening of monetary policy since the early 1980s. The risks...