Fed press conference:
Financial Times: How good does today's CPI inflation rate make the Fed feel, and what still worries the Fed?
FED: Today's CPI rate is very good. What we are still concerned about is that rents are still high. There was a big delay a few years ago because rental prices were rising rapidly. Now rent growth has slowed, but not everyone is signing new contracts, so the data will be delayed. When this happens, we will feel safer.
