Top 5 misconceptions about the economy in 2023

2023 was a year in which many experts got a lot of things wrong about the economy. From mistaken forecasts about an impending recession to errors about falling prices and why they had risen in the first place, 2023 was a year marked by economic confusion. Even the Federal Reserve got disoriented, predicting an economic downturn at the beginning of the year and then yanking that prediction over the summer. This waffling peeved some major players in the financial industry, including JPMorgan Chase CEO Jamie Dimon, for providing unreliable guidance and being “100 percent dead wrong.” “Central banks 18 months ago were 100 percent dead…