Published April 19, 2023
What's Next For Inflation?
The latest inflation numbers were released a few days ago with a significant decline from 6% to 5%... which is about 0.1% better than expected by economists.
Even better, when you consider shelter costs are the only measure in the index which are not 'real time' (they are averaged from the past 12 months), we are confident inflation will continue to drop significantly in the coming months as shelter costs (rent & owning) peaked about 12 months ago. We expect April through June to report even lower levels of inflation. In fact, if shelter costs were real time in March, inflation would be 2.4% lower... or just 3.2%, which is close to the Feds target of the 2% range.
Overall, we're on the right path and should see greater stabilization in interest rates in the coming months, though they won't likely drop anytime soon.
