Originally published on November 17, 2023, by Bendix Anderson for UrbanLand Magazine.

Be careful what you wish for. The U.S. economy is adding jobs and is expected to keep adding jobs for the next two years. The unemployment rate is close to its lowest point in decades. But prices are rising much more slowly than a year ago.

Over the last year and a half, the Fed raised benchmark interest rates over and over again to choke off price inflation. As inflation comes under control, officials at the Federal Reserve are less likely to raise rates again.