The Chief Economist: We are Reading Inflation All Wrong - The Owners’ Equivalent Rant
- US inflation is mis-measured.
- OER is the key culprit.
- Fed risks policy mistake.
- Ironically limiting housing development.
- CRE investment faces risk and opportunity.
Welcome back readers to another edition of The Chief Economist. My name is Ryan Severino, CFA and this week I'm here to help bring some much-needed context to the latest report on inflation, and why there is such a widespread misreading of the numbers.
Last week inflation came in hotter than expected. But it isn’t rising nearly as quickly as that data indicated. The rate occurred due to the shelter component of inflation.
