Higher Inflation Likely Pushes First Rate Cut to July
WHAT’S MOVING THE MARKET
In March 2024, the Consumer Price Index (CPI) experienced a 0.4% increase, marking a 3.5% rise year-over-year, slightly surpassing market projections. This uptick was predominantly driven by escalated shelter and energy expenses. More here
In March, the Midwest region spearheaded a notable 5% surge in asking rents, hitting an all-…
Keep reading with a 7-day free trial
Subscribe to The Smith Letter to keep reading this post and get 7 days of free access to the full post archives.