Lates News

"Federal Reserve Echo Chamber" Nick Timiraos: Overall, the main narrative of inflation over the past year is that - first, housing inflation progressed smoothly last year, now lower than core non-housing services, and lower than pre-pandemic levels. Housing inflation was widely anticipated in 2023, as new rents fell sharply at the end of 2022, but manifested slightly later, leading to tension in early 2024.