Showing results for "First United"
economics
Why Powell Sees Rent Inflation as an Obstacle to Fed Rate CutsRents are the biggest remaining obstacle for the US Federal Reserve in bringing inflation back down to its 2% target. That is, rents as measured in the consumer price index, a key yardstick for the Fed. But other measures meant to give more up-to-date data show rental inflation has moderated more quickly than the CPI indicates. Much of the divergence is driven by the methodological quirks of a CPI component known as owners’ equivalent rent, or OER. Because rents make up an outsize share of the CJune 12, 2024