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NewsWatch: Is it time to fight the Fed? This veteran strategist says the central bank won’t risk a 20% drop in house prices and a 30% slide in stocks.

Jobs Report Shows Record Annual Gain

Hiring slowed in December to 199,000 new jobs, the Labor Department said Friday, while the U.S. added a record number of positions in 2021. The jobless rate declined to 3.9%.

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