Fed Is Staying the Course on Interest Rates, Housing Is Feeling the Impact

 The overheated employment market appears to be cooling off, but probably not fast enough to demonstrate the progress the Federal Reserve wants to see in its efforts to combat inflation, still growing at an uncomfortable 8 percent annual rate.

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The December employment report was a good news-bad news-good news story. The good news:  Employers added nearly 50,000 jobs and the unemployment rate fell, after remaining essentially flat for the previous two months.

Controlling the virus and boosting the economy aren’t mutually exclusive, economists and health care experts agree; but they are mutually difficiult.

The old year has ended.  (We stayed awake past midnight on New Year’s Eve, just to be sure.) Looking ahead, we’ve compiled an assortment of  predictions for those who prefer not to rely on their own crystal balls to anticipate what the coming year will bring. 

It’s not surprising that reports of the impressive – actually, astounding – increase in the nation’s third quarter growth rate were drowned out by the pre-and post-election noise.