It might get worse if the Federal Reserve raises interest rates next week. But then again, it’s the Federal Reserve’s job to make everything worse, right?What’s happening: According to Tuesday’s Consumer Price Index report, housing costs rose 0.7% in August and are up 6.2% year-over-year, the largest increase since 1991.
The Fed needs to see housing costs ease by about half a percentage point to reach its ultimate inflation goal, Loh added.
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