After a challenging 2022, stocks have gotten off to a good start in 2023. The S&P 500 index is up 7.7% through Feb. 14 and the Nasdaq is up 14.3%.

With inflation starting to come down and the economy remaining stable, investors are starting to sense that they may get the soft landing they had hoped for, meaning the Federal Reserve can bring down inflation to its target rate of 2% without sinking the economy.

However, the Fed has promised to stay the course keeping interest rates elevated until inflation is back under control, and Fed Jerome Powell indicated that rates were likely to move higher following the 25-basis-point hike on Feb. 1.

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Source Fool.com