Inflation is about to drop hard as rents and housing prices tank, billionaire investor Barry Sternlicht says
Easing rent prices will eventually pull down shelter inflation, experts say, as real housing prices in the economy oftenSternlicht estimated that the impact of lower rents would show up mid-year, which could show major progress on the Fed's inflation fight, as housing prices account for around a third of headline CPI.
"All else being equal, inflation is going down," he added, pointing to other areas that have been impacted by falling prices, such as in food and energy. Other market commentators have disagreed, warning that inflation is still a problem and prices could remain sticky unless the Fed keeps interest rates restrictive. Central bankers have raised rates over 1,700% in the last year to bring down high prices, which are still
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