Rent “Inflation” Plunges To 2.2% YoY While Core PCE YoY Prints At 1.45% (Taylor Rule Rudebusch Now At 1.45%)

by confoundedinterest17

US equivalent rent of residences continues to fall like a paralyzed falcon to 2.2% YoY.

Today’s report on PCE YoY printed at 1.45%.

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And the Taylor Rule (Rudebusch) based on a 1.45% Core PCE reading is …1.45%!

IF Powell & Co pay attention to this specification of the Taylor Rule (they haven’t in the past), then there isn’t likely a Fed Funds Target rate on the horizon. This is consistent with the Fed Funds Dots Plot.

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