Analysis: Housing will be a key driver of falling U.S. inflation
2024-08-14 19:57:51
Agencies Chief U.S. Economist: We continue to expect housing to be a key driver of the pullback in U.S. inflation for the rest of the year. The Fed is expected to cut interest rates by 50 basis points in September. With unemployment rising - we expect it to hit 4.5% this fall, possibly by October - the Fed will increasingly focus on the jobs component of its dual mandate.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
