Fed Study: The biggest driver of inflation is expected to ease by the end of the year
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According to research from the Federal Reserve Bank of San Francisco, housing costs, as a major driver of inflation in the United States, are expected to ease by the end of the year and return to pre-pandemic trends by 2025. Economists predict that housing inflation will continue to decline in the coming months. The study points out that compared to other goods and services, the rate of decline in rental prices is slower, mainly due to high interest rates leading to higher construction costs, which suppress housing supply. Overall, housing inflation in the United States is expected to drop to 2% by the end of the year
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