A Third Of US Home Prices Fall In First Quarter As Shelter Costs Peak
May 10, 2023 at 20:00 PM EDT
Goldman Sachs chief economist Jan Hatzius told clients he views today’s consumer price index report “as supportive of our call for a pause at the June FOMC meeting because the shelter stepdown looks increasingly durable.” Shelter costs, which comprise about one-third of the CPI weighting, increased another .4% in April on the month and up 8.1% compared to the […] Source
