RealPage Economy Express Episode 15

by   Arben Skivjani
  Posted   November 16, 2023
  in   Economy Express ,   Insights

Episode 15: Is the Federal Reserve's confidence in controlling inflation diminishing?

  • The U.S. added 150,000 jobs in October, the smallest increase since January 2021, according to the Bureau of Labor Statistics.
  • The same report indicates wages increased by 4.1% year-over-year in October, a slowdown from the 4.8% rise seen in the year prior.
  • Employment is one major driver of rent growth. The pace of rent reduction has accelerated recently, influenced not just by employment trends but also by an abundant supply of new apartments.
  • This rental market trend contrasts with the latest inflation report, indicating a 3.2% increase in the Consumer Price Index over the past 12 months.
  • The Federal Reserve Chairman has expressed doubts about the effectiveness of current inflation control efforts.

For more information on the state of the U.S. Economy, including forecasts, watch all the episodes of the Economy Express series.

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