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Inflation Alert! With the median asking rent for 1 bedroom apartments increasing by 10% or more in 56 of the 100 largest cities in the US in January, NMHC Rent Payment Tracker found 92.0% Percent of Apartment Households Paid Rent in the month of December

Following up from our dive into the Bureau of Labor Statistics Consumer Price Index Summary for January where discussed rent for 1 bedroom apartments increased by 10% or more in 56 of the 100 largest cities in the US, The National Multifamily Housing Council (NMHC) reported only 92% of renter
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Inflation Alert! Bureau of Economic Analysis announced the โ€œcore PCEโ€ price index, which excludes food and energy (and understates inflation, which is why the Fed relies on it) jumped by 0.50% in December from November, and by 4.9% year-over-year

Remember back in the summer when JPow was saying their target for inflation is 2%? Well, they have certainly BLOWN by that: The overall PCE inflation index (includes food and energy) was up by 0.45% in December from November, and by 5.8% year-over-year, the worst reading since 1982:
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Federal Reserve Alert! New York Fed to Release Series on the Federal Reserveโ€™s Monetary Policy Implementation Framework--federal funds rate (EFFR), the interest on reserve balances (IORB) and the overnight reverse repurchase (ON RRP)

Beginning Monday, January 10, 2022, Federal Reserve Bank of New York staff will release a four-part series on its Liberty Street Economics blog about the Federal Reserveโ€™s monetary policy implementation framework. One post in the series will go live each day between January 10 and January 13 at 7:
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