Today’s podcast is interesting as the interview was done yesterday before today’s inflation number, but the core story stays the same. Has the inflation data today and specific Fed member’s statements recently laid the groundwork for a pivot next year if there is no job loss recession over the next 12 months?
https://www.housingwire.com/podcast/logan-mohtashami-on-inflation-and-a-fed-pivot/
I am not a Fed Pivot person; my Fed pivots only happens if jobless claims data gets over 323,000 on the 4-week moving average; we are 231,000 today, so we are far from that conversation for me. However, for HousingWire today, I wrote about this topic more with charts so that the Fed might cut rates a little in 2024 without a recession in job loss.
https://www.housingwire.com/articles/inflation-data-laying-groundwork-for-the-fed-to-pivot/
Every Sunday for HousingWire, we bring out the weekly HousingWire Tracker report, where I take a deep dive into the current and forward-looking housing data lines so you can be up to date with the data lines that matter in housing. If you would like to join HW Plus to have access to the tracker, please use my LoganVIP20 code.
https://www.housingwire.com/articles/housing-inventory-stalls-less-than-3k-homes-added/
“Keep your face always toward the sunshine and shadows will fall behind you” Walt Whitman
Logan Mohtashami is a Lead Analyst for Housing Wire, a financial writer, and a blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami, now retired, spends his days and nights looking at charts and nothing else.