Surveillance: Rate Hikes with Fed's Bostic (Podcast)
Bloomberg Surveillance
00:00
The US Housing Market Is Still Booming
C p i is primarily a domestic service price index with a few goods in ita. A lot of those goods are china sensitive, and you're still looking at less tenth of the index. So if we're getting some meaningful disinflation in some of those other components, that i think will offset the supply disruption story. And this is wher. I have a really big gripe with the media narrative that the us. housing market is still booming, because it isn't. Mortgage demand is absolutely craterimean rates have gone from three % to five and a quarter there's no way the market could take that.
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