News about Fed

Housing is a big part of the Fed’s confidence that inflation will move lower soon. Housing “has not behaved the way we thought it would,” said @Austan_Goolsbee. “I still think it will, but if it doesn’t, we’re going to have a hard time.” www.wsj.com/economy/housing/fed-inflation-rate-housing-rentals-2f28c5ba?st=tcljgth9bjtz7x9&reflink=article_copyURL_share pic.twitter.com/xwCSw5Ud1I

New York Fed inflation expectations tick up after a long period of stability. www.newyorkfed.org/microeconomics/sce#/ Comes on the heels of UMich inflation expectations also ticking up. tradingeconomics.com/united-states/michigan-5-year-inflation-expectations ... too small + early to freak out, but not the direction of travel the Fed wants.

From the @WSJ on US inflation. The challenge remains the decisive lowering of services and #housing inflation while maintaining well-behaved goods price behavior. The complication is that services #inflation has traditionally been less sensitive to interest rate measures and,… pic.twitter.com/tN7pz1p6Bi

❖ NY FED: APRIL ONE-YEAR AHEAD EXPECTED INFLATION 3.3% VS MARCH'S 3% ❖ NY FED: APRIL THREE-YEAR AHEAD EXPECTED INFLATION 2.8% VS MARCH'S 2.9% ❖ NY FED: APRIL FIVE-YEAR AHEAD EXPECTED INFLATION 2.8% VS MARCH'S 2.6% ❖ NY FED: APRIL YEAR AHEAD EXPECTED HOME PRICE CLIMB AT…