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In short, the rent is too damn high — and it’s keeping inflation and interest rates elevated alongside it. We’ll see if they’re right on Tuesday morning when February’s CPI data is due out. “Shelter inflation has been a big focal point for the market,” they wrote in a note on Monday. “We remain confident that [rent prices] will flatline in 2024, rather than fall,” Capital Economics analyst Thomas Ryan wrote in a recent note. That means a current deceleration in rent prices won’t be fully factored into inflation data until February 2025.
Persons: Greg McBride, , Jerome Powell, “ It’s, Powell, aren’t, , Thomas Ryan, Ritti Singh, Singh, won’t, isn’t, Goldman Sachs, Clare Duffy, Reddit, it’s, That’s, Matt Egan, Joe Biden, Bespoke’s Paul Hickey, ” Hickey Organizations: CNN Business, Bell, New York CNN, Federal Reserve, CPI, Bank of America, ” Capital, Housing Justice, Fed, Dallas Fed, AAA, Federal, Investment Locations: New York
Gas prices have surged to four-month highs. Don’t panic
  + stars: | 2024-03-11 | by ( Matt Egan | ) edition.cnn.com   time to read: +5 min
A gas price spike might be the last thing President Joe Biden needs to convince skeptical voters about his economic agenda. But experts say there is no reason to panic about gas prices, at least not yet. Gas prices always rise at this time of the year. Of course, there’s always the potential for unexpected events that could spike gas prices. If anything, De Haan said the earlier-than-expected jump in gas prices this year could cause prices to peak sooner than usual.
Persons: it’s, That’s, Joe Biden, Bespoke’s Paul Hickey, ” Hickey, , , Patrick De Haan, Andy Lipow, Lipow, there’s, GasBuddy’s De Haan, De Haan Organizations: New, New York CNN, AAA, Federal, Investment, CNN, Whiting, BP Locations: New York, Indiana —, Michigan, Illinois, OPEC, Saudi Arabia, Russia, Saudi Aramco, Ukraine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Bespoke’s Paul Hickey and Schwab Asset’s Omar AguilarBespoke’s Paul Hickey and Schwab Asset’s Omar Aguilar, join 'Closing Bell: Overtime' to discuss markets trends, market sentiment and inflation.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what Schwab Asset’s Omar Aguilar is watching to gauge inflationBespoke’s Paul Hickey and Schwab Asset’s Omar Aguilar, join 'Closing Bell: Overtime' to discuss markets trends, market sentiment and inflation.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailManufacturing sector is stable, seeing normal growth, says Bespoke's Paul HickeyBespoke’s Paul Hickey and Payne Capital Management’s Courtney Garcia join 'Closing Bell: Overtime' to discuss stock volatility ahead of earnings this week.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full post-market discussion with Bespoke’s Paul Hickey and Payne Capital Management’s Courtney GarciaBespoke’s Paul Hickey and Payne Capital Management’s Courtney Garcia join 'Closing Bell: Overtime' to discuss stock volatility ahead of earnings this week.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Vital Knowledge Media’s Adam Crisafulli and Bespoke’s Paul HickeyVital Knowledge Media’s Adam Crisafulli and Bespoke’s Paul Hickey, join 'Closing Bell: Overtime' to discuss S&P levels breaking above 4,000 and what that means for the market.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuy dips down around the 4,000 level, says Vital Knowledge Media's Adam CrisafulliVital Knowledge Media’s Adam Crisafulli and Bespoke’s Paul Hickey join 'Closing Bell: Overtime' to discuss S&P levels breaking above 4,000 and what that means for the market.
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