It’s Still a High Interest Rates World for Assets in 2023
Hopes are high for 2023 after a dour year for investors. We should temper those expectations somewhat given that the Fed still has concerns about a labor market that remains too hot. That means we will see little relief from interest rates this year, putting all financial assets on the backfoot — at least until a recession forces the Fed to change course.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: It’s Still a High Interest Rates World for Assets in 2023

### Response: Hopes are high for 2023 after a dour year for investors. We should temper those expectations somewhat given that the Fed still has concerns about a labor market that remains too hot. That means we will see little relief from interest rates this year, putting all financial assets on the backfoot — at least until a recession forces the Fed to change course.