Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Inside the FOMC's Quiet Housing Market Blind Spot
In Episode 62 of The Federal Reserve Podcast with Fexingo, Lucas and Luna dive into a largely overlooked factor shaping Fed policy: the housing market's role in the inflation fight. With shelter costs staying stubborn—CPI shelter up 0.4% in May and the core PCE at 129.6—the hosts explain why the FOMC's models may be underestimating how long rent dynamics will take to cool. They discuss the gap between market-rate rents (already easing) and CPI's 'owners' equivalent rent' measure, which lags by 12 to 18 months. The conversation connects this to the Fed's…
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