The most reckless Fed ever is still just watching – and fueling – the consequences of 23 months of policy errors as the Inflation Monster gets bigger and bigger.
Will CPI inflation back off as used-vehicle prices unwind? Ha, here come the massive CPI measures for rent that are now soaring. Inflation Whac-A-Mole.
Folks scrambled to lock in mortgage rates in the hottest markets, no matter what the price. But prices declined or were flat in 4 of the 11 largest markets.
