Stock Market Braces for Long-Awaited Shift as Federal Reserve Looms

The stock market is not being spooked by the potential for another interest rate hike from the Federal Reserve, as corporate America remains unfazed and continues with business activities. Executives from companies like Cisco and General Mills express confidence in their capital allocation and growth strategies, indicating that they are not overly concerned about the Fed's actions. Despite uncertainties surrounding the Fed, deal activity and IPOs are expected to continue in 2023, suggesting economic resilience and the possibility of a soft landing in 2024.