I don’t think we’ve heard anything consequential from any Fed member yet this week but Goolsbee’s focus on housing services inflation at least offers something of a guide for what to watch in the upcoming CPI and PCE reports.
Here’s a good chart from DB showing how seasonality might have contributed to higher rents.
Up next we will hear from the Fed’s Kashkari and Mester at the top of the hour.
This article was written by Adam Button at www.forexlive.com. Source