Why Rent Is Driving US Inflation: Markets Live

The video discusses the impact of rental prices on core CPI, highlighting its significant contribution and stickiness. It raises concerns about the validity of official rental inflation data compared to private metrics. The discussion includes the Federal Reserve's stance on inflation and the potential for continued high rental inflation. An analogy likens inflation to an onion, with core services at its center.

How does the Bureau of Labor Statistics measure rental inflation differently from private metrics?

What metaphor did FMC Member Williams use to describe inflation, and what does it imply about its components?