Excerpts from an article from the WSJ discussing the higher-end ADUs being built mostly due to covid, but also an inevitable solution vs. the astronomical cost of senior care:Link to full WSJ Article
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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.