Inflation Pressures Are Easing but Rate Cut Forecast Remains Uncertain

The New Year is beginning where the old one ended -- with uncertainty about when – or whether – the Federal Reserve will begin cutting interest rates.

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Four years of steadily declining home prices have made home ownership more affordable than at any time since the housing boom began in 2003.

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A Massachusetts court has delivered a ruling that mortgage lenders all over the country have feared.  The Supreme Judicial Court (SJC), the state’s highest court, invalidated two foreclosures, finding that the lenders involved - Wells Fargo and US Bancorp - had not proven that they held the mortgages when the foreclosures were initiated. 

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In “Murder on the Orient Express,” one of Agatha Christie’s most famous mysteries, the answer to “who dunnit” turned out to be “everyone.”  All of the potential suspects stabbed the despicable victim so that no single murderer could be blamed.

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 It’s time for New Year’s resolutions and for economic forecasts, which we’ve resolved not to make. But we’ve compiled a bunch of them so you can see what others are predicting, and they are all over the lot – pessimism, optimism, relief, uncertainty, great and not-so-great expectations - you’ll almost certainly find a forecast to support whatever expectations, hopes, or fears, you have for the coming year.