Low vacancy rates, falling unemployment and faster earnings growth will drive the rents inflation higher over the next year or two. In addition to signs that wage growth is poised to accelerate, this is another reason to believe that core inflation, which is currently below the Fed's 2% target, could rebound more vigorously and quickly than is widely appreciated.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services