Why Housing Costs Could Actually Pull Inflation Lower

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 26 December 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dec. 26 Edition. The sticker shock from home prices kept many would-be buyers on the sidelines this year. But some economists now think housing costs are poised to bring price pressures down, with the fight against inflation in its “last mile.” National economics reporter Gabriel T. Rubin explains. Alex Ossola hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:21.8	or lowercase.
0:23.2	That's Shopify. dot Co-DeeK slash Special Offer.
0:27.8	U.S. retail sales were up over the holidays and you know what that means? More returns.
0:37.4	And how the housing market could help decrease inflation.
0:40.9	If you take out housing costs, the Federal Reserve is actually already back at its target for inflation.
0:47.0	So they're really just waiting for shelter costs to come down and we really expect that to happen over the course of the coming year.
0:53.0	Plus, Israel considers a proposal to end the war in Gaza.
0:57.0	It's Tuesday, December 26th.
1:00.0	I'm Alex Oseala for the Wall Street Journal, filling in for today's edition of What's News, the top headlines and business stories that move the world today. After a year marked by rising prices, American consumers just kept spending this holiday season.
1:20.0	U.S. retail sales rose 3.1 percent from November 1st through December 24th, that's according
1:26.8	to MasterCard's Spending Pulse, which measures sales in stores and online.
1:31.5	And despite a busy Thanksgiving and Black Friday weekend,
1:35.0	some analysts estimate that December 23rd
1:37.0	might have been the busiest shopping day of the year.
	...

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