Best viewed on a device with a bigger screen...
CPI rents are accelerating, but not for much longer, given the sharp slowing in asking rents.
Rising supply of homes for sale will also release supply in rental markets; landlords’ margins will fall.
The Philly Fed likely has hit bottom, but the bigger story is the rapid improvement of supply constraints.
bls, business investment, capex, china pmi, commodity prices, core inflation, cpi, energy, fed, ism, July, June, manufacturing, philly fed, pmi, rent, rents, summer, supply chain, surveys, u.s., u.s. manufacturing, vacancy rate, wage growth, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence