The upward pressure that housing costs have put on inflation can now probably be safely ignored. If you have nothing but rent.
The Labor Department reported on Thursday that: Consumer price hike Seasonally adjusted, September was 0.4% higher than August, 8.2% above the previous year’s level. Core prices, which exclude food and energy items to better track inflation trends, rose 0.6% m/m and 6.6% y/y. Both headlines and key metrics beat economists’ estimates. crush any remaining hope Federal Reserve policymakers are likely to raise the rate by 0.5 points, not 3/4 points, again at its next meeting in November.
https://www.wsj.com/articles/inflations-storm-from-the-shelter-11665675205?mod=rss_markets_main Inflation storm from shelter