This is a narration of our weekly Rent and Operating Trends report. Inflation remains the metric most heavily scrutinized in today’s economy, as prices continue to rise at generationally high rates. However, April’s Consumer Price Index may have offered a slight glimmer of hope that price increases may begin to slow in the coming months. While one month is not a trend, the CPI in April decelerated for the first time since inflation worries gripped the economy last year. The Fed has taken action to fight inflation, increasing interest rates and tightening monetary policy. While some, including former Fed Chair Ben Bernanke, have criticized the Fed for its delayed response to inflation, it appears that Jay Powell’s Fed will continue to increase rates until price increases have slowed significantly. Ahead of the upcoming mid-term elections, inflation will be one of the biggest topics on voters minds. Tune in to find out more information on multifamily dynamics during the week of May 15th.
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