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Roaring U.S. jobs market banishes fears of recession, but economy still has soft spots

“A gargantuan 312,000 surge in new jobs in December dispel fears the U.S. faces a looming recession” writes Jeffry Bartash for The housing market tailed off toward the second half of 2018, for example, because of higher mortgage rates. The Fed will also offer a fresh take on how the U.S. economy is performing with its so-called Beige Book due Wednesday.The Fed is willing to take a step back because the economy does appear more fragile.Rising rates also contributed to the market selloff at year end.

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