17 October 2023
After nine straight negative years, the year-over-year change increased by 0.06%. This report has spurred discussions on more rate hikes. Despite rising bond yields and mortgage rates nearing 23-year highs, Paul Krugman optimistically claims, “We Won the War on Inflation at Very Little Cost.” However, skeptics point to the Federal Reserve’s role in destabilizing the housing market and driving inflation.