- Cooling house prices and rents may help convince the Fed to pause rate hikes.
- Over 90% of the increase in prices in July came from shelter and motor vehicle insurance.
- The overall rate of inflation in July was 0.2%, in line with expectations.
- Private sector indicators show a slowdown in rents and house prices.
- Shelter costs could contract significantly by mid-next year, impacting inflation.
Inflation, and Housing Costs, Are Set to Turn a Corner
Cooling house prices and rents could tamp down inflation in coming months, nudging the Fed to pause or even reverse rate increases
WSJ
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