Claiming the Number Two spot on Yahoo Finance's top 10 stories of 2023 is the Federal Reserve's relentless fight against soaring inflation, the central bank's most aggressive interest rate hiking campaign since the 1980s.
As 2023 unfolded, the Fed eased up on interest rate increases amid consistent signs of economic cooling. However, recession and "soft landing" debates persist. Now, Fed Chair Jerome Powell announced a rate pause for the third straight month, opening the door to potential rate cuts resuming in 2024.

Yahoo Finance's Fed Reporter Jennifer Schonberger analyzes the Fed's monetary policy rollercoaster ride through 2023.

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