The Housing Recession Is Coming
Plain English with Derek Thompson
Understanding Core Inflation Dynamics
This chapter examines the recent unexpected rise in core inflation and its implications for economic policy, particularly regarding interest rates set by the Federal Reserve. It discusses the complexities of measuring inflation, focusing on the shelter index and its influence on core inflation, as well as the differences in perceived versus actual inflation impacts on homeowners. The conversation also highlights the current housing market trends, including declining home prices and the challenges faced by first-time homebuyers amidst high mortgage rates.
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