$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ Core inflation appears artificially high, largely due to the outdated method the Fed uses to gather housing data.
They literally call people and ask how much they think they could rent their place for. How flawed is that! Everyone wants their property values to stay high, so who wouldn't quote a price above the market rate?
Real housing prices are falling in almost every area. I've seen this firsthand. Once Warsh starts using real-time data, the inflation numbers could drop significantly.
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