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January 5, 2022

We believe the rate of change for growth and inflation will likely slow in 2022 as the comparison set gets more difficult and some of the temporary factors that supported activity in 2021 fall off.

We believe the rate of change for inflation will likely slow in 2022 compared to 2021.  Some of this impact will be driven by difficult comparisons due to the large increases experienced in 2021.  Source: FRED. Some of the larger components of the consumer inflation basket also have difficult comparisons in 2021.  Home prices increased...
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