2min chapter

Forward Guidance cover image

Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth

Forward Guidance

CHAPTER

The Lagging Effect of New York City on the CPI

New York City alone accounts for 11% of the shelter component of the CPI. New York has finally come back with a huge lag compared to the rest of the nation in terms of its apartment rentals going up. Used car price inflation was responsible for 34% of the core month over month, the increase in core CPI last month,. Manheim is telling us that used car prices are falling and they're falling fast.

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