2023: A Year of Inflation Battles, AI Advancements, Labor Union Resurgence, and Cultural Impact of Taylor Swift

Major central banks tackle inflation, AI goes mainstream, labor unions flex their muscle, Twitter transforms into X, US housing market struggles, and Taylor Swift's tour boosts economies.

The Fed and other major central banks spent most of 2023 combating inflation, which had become the worst in four decades. By the end of the year, aggressive rate hikes had significantly reduced inflation from its 2022 peaks.
Artificial Intelligence (AI) became mainstream in 2023, with ChatGPT offering a glimpse into advances in computer science. However, the rise of AI also led to concerns about job security for those in creative fields.
Labor unions saw a resurgence in 2023, with 510,000 workers staging 393 strikes in the first 11 months of the year. The strikes led to significant pay raises and improved benefits.
Elon Musk transformed Twitter into a platform now known as X, which has since faced allegations of misinformation, significant advertising losses, and declining usage.
The US housing market struggled under heavy mortgage rates, with home sales falling 20% in the first 10 months of 2023. Despite this, home prices continued to rise, making homeownership unaffordable for many.
Taylor Swift's concert tour had a significant economic impact, boosting regional economies and even being mentioned in Federal Reserve proceedings.