Posted 3/6/2024, 11:03:00 AM
Rising Rents Contrast Cooling Inflation, May Keep Fed Rate Hikes on the Table
- Rent prices are still increasing even though overall inflation has cooled in other sectors
- Shelter costs make up a large portion of core inflation, so sticky rent prices impact rate cut decisions
- Experts worry high rents may lead the Fed to delay or avoid rate cuts in 2024
- There's even growing chance the Fed may raise rates again if rents keep climbing
- While consumer confidence rises, rent still isn't getting cheaper for many Americans