Investors shift focus to growth stocks China exposure to gain


People use their smartphones to take photographs outside The Wynn Macau casino resort, operated by Wynn Resorts Ltd., in Macao, China, on Tuesday, Jan. 30, 2018.

Billy H.C. Kwok | Bloomberg | Getty Images

As we kick off 2023, Wall Street appears to be shifting its focus from inflation to growth.  

Investors apparently believe the Federal Reserve has inflation under control after dramatically raising interest rates throughout last year. Now, those higher rates are fueling fears of a recession in the U.S.

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