While housing inflation is easing, owners’ equivalent rent remains one of the two major catalysts for rising cost pressures on American households. … READ MORE >
owners' equivalent rent
U.S. consumer price index cools in May as gas and transportation costs decline
The encouraging May CPI data released by the Labor Department on Thursday is likely to be the first in a string of constructive inflation reports that will define policy normalization at the Fed. … READ MORE >
Consumer Price Index: Inflation eased in August, but it’s too soon to declare victory
Score a victory for team transitory in the inflation wars. The Consumer Price Index eased in August, reaffirming our view that inflation likely formed a peak in the summer following the historic supply shock that defined pandemic economics starting last year. … READ MORE >