ICYMI – ING see “big slowdown in U.S. core inflation” in H2 2023

From earlier this week, S&P Global:

• Changes in housing prices tend to take about 12 months to be fully reflected in government data, meaning the impact of the Federal Reserve
  Federal Reserve
  
  The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the
  
  The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the
  Read this Term‘s aggressive rate hikes on rents will likely show up around the second quarter as leases signed when prices were surging begin to expire, said James Knightley, chief international economist with ING.

  “We have disinflation before the biggest component really comes to the party,” Knightley said. “I remain very optimistic that we can see a big slowdown in U.S. core inflation through the second half of the year.”