Bad Case of Unaffordable Housing: Shelter CPI Rises >2x Core Inflation (‘Inflation’ Cools Ahead of FOMC Meeting)

The Fed’s Open Market Committee (FOMC) meeting is today. And according to the SF Fed’s calibration of the Taylor Rule, the Fed Funds Target rate should be 6.13% (it is only 1.25%, a spread of 488 basis points TOO LOW).

This post was published at Wall Street Examiner on December 13, 2017.