Rental housing cost to slow significantly over next 18 months, say Fed researchers

Shelter inflation, or the pace of the rise in the cost of accommodation or housing in the U.S., is expected to “slow significantly” over the next year and a half, which may help the Federal Reserve return overall inflation to desired low levels, according to new research from the central bank.

“Changes in housing markets suggest pressure from shelter inflation could ease substantially,” the economists at the San Francisco Fed said in a new report. In the past 18 months the Fed has focused on its task of bringing consumer price inflation back down to 2%, by raising its benchmark interest rate to a 22-year high.

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