When the big bombers start falling from above, it can’t help but squish everything below. This Pulte tract house in La Costa Greens sold for around $1.3 million in 2005:
Klinge Realty Group
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Encinitas, CA 92024
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FOMC Minutes "Near-term inflation outlook had deteriorated" https://www.calculatedriskblog.com/2022/07/fomc-minutes-near-term-inflation.html
"the near-term inflation outlook had deteriorated since ... the May meeting."
"participants judged that an increase of 50 or 75 basis points would likely be appropriate at the next meeting."
New post (Over List, June) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2022/07/06/over-list-june-2/
Goldman: The peak for core PCE inflation has likely peaked. The goods inflation surge caused by shortages and rising commodity prices should moderate.
But "we expect year-on-year core CPI inflation to meaningfully reaccelerate in late summer" before falling to 5.5% in December.