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Yellen says expects rents, biggest contributor to inflation, to move down this year

Published 03/13/2024, 12:37 PM
Updated 03/13/2024, 12:41 PM
© Reuters. U.S. Treasury Secretary Janet Yellen delivers remarks on "Next Steps in the Evolution of Development Finance" at a Center for Strategic and International Studies (CSIS) in Washington, U.S., February 9, 2023. REUTERS/Leah Millis

MILWAUKEE (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday said she expects the cost of rental housing - the single largest contributor to inflation - to move lower this year as new leases are signed.

In an interview with Fox Business, Yellen said it took a while for changes in rent levels to filter through into the consumer price index, but she expected that to occur this year.

"I have every expectation that the single biggest contributor to inflation is going to be moving down over this year," she said.

Latest comments

Contributing to cost of property ownership of any kind, rentals, commercial, vacation, primary home, insurance companies are becoming more restrictive.
The renters are becoming greedy as the conomics and stock market stay high
Rent should come down. It's becoming unliveable with rents going up 10% every year, health insurance cost going up due to age going up and employers not willing to raise pay.
may be in poo hole New York
doubtful
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