Housing market playing a big role in Fed’s inflation fight

The housing sector could be the key for the Federal Reserve’s campaign to tame inflation down to its 2% target rate, which Fed Chair Jerome Powell characterized as being on a “sometimes bumpy path.”

Yahoo Finance Head of News Myles Udland joins the Morning Brief to break down home prices’ pivotal role in CPI (consumer price index) and PCE (personal consumption expenditures index) inflation data and how Fed officials are considering the housing market while balancing its inflation-labor market dual market.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

Editor’s note: This article was written by Luke Carberry Mogan.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *