This week on “Inside the Economy”, we discuss housing, the Federal Reserve interest and Federal funds rate, and the Consumer Price Index (CPI). The Federal funds rate is currently higher than all main U.S. inflation measures. Is the cost of money greater than inflation by design? In other news, per the CPI Primary Shelter measure, rents continue to come down. However, mortgage interest as a percent of disposable income increased slightly. How does that compare to non-mortgage interest such as credit cards and auto loans? If there is a recession, would housing be the driver? Tune in to learn more!

Key Takeaways:

• 10 yr. bond at 4.2%

• Industrial Production Output Index at 104.0 in June

• U.S. Core CPI at 3.3 (YOY)