The Fed’s favorite inflation index (PCE) is cooling, but Powell and crew are still dragging their feet. Core PCE’s 3-month run rate is just 1.6%, yet rates remain high. Housing costs are a major problem – especially when shelter makes up 18% of the index.
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Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate