2022: More growth, much more inflation, much higher interest rates

Growth will continue, but inflation will worsen and the Fed will raise interest rates.

When the final numbers for 2021 are in, we are likely to see that annual growth was 5.5% and the unemployment rate fell to near 4%. While that is very good, there was a problem with inflation. For the year inflation will be 7.5% as measured by the Consumer Price…