MONITOR MACROECONOMICS

“2021's inflation surge moderated in 2023, while the Federal Reserve continued to raise its interest rates in the first half of the year. The Federal Reserve raises interest rates by 0.25% from 4.5% to 4.75%... [in February 2023].”

“They feel all the vibration and energy that comes into their area, which is one of the reasons we're not open to the public, because I can't control people's energy. They're recovering from the trauma that they experienced living in captivity. And for them to open up and trust you while you are there with them, helping them work through it, it's indescribable.”

“The dominant political story of the year has been the 270-day-long speakership of Representative Kevin McCarthy, whose slim majority in the House of Representatives has enabled a far-right rebellion to exert more weight over the lower chamber. The battle between the rebellious Freedom Caucus and McCarthy has been at the heart of an averted debt ceiling crisis and the annual budget debate nearly devolving into a government shutdown.”

“2023 also saw the roots of a global banking crisis arise out of four American regional banks, the two largest being Silicon Valley Bank and First Republic Bank. The rise of artificial intelligence and large language models dominated not only the economy but has also been at the root of a Hollywood double strike conducted by Writers Guild of America and a SAG APTRA strike.”

“Additionally, the latter half of the year saw many large mergers and acquisitions, some of the largest announcements being in oil and gas with ExxonMobil's purchase of Pioneer Natural Resources for nearly $60 billion and Chevron's acquisition of Hess Corporation for $50 billion, both in October and pending regulatory approval prior to closure.”