NY Fed: Expected rent price increase for next year at 8.2% vs 11.5% last year
In a report published on Tuesday, the Federal Reserve Bank of New York said that the expected rent price increase for next year was at 8.2%, down from 11.5% last year, as reported by Reuters.
Additional takeaways
"Expected home price increase over next year at 2.6% vs 7% a year ago."
"Expected home price increase stands at lowest in survey history."
"A large majority of Americans still see housing as a good investment."
Market reaction
This headline doesn't seem to be impacting the US Dollar's performance against its rivals. At the time of press, the US Dollar Index was down 0.35% on the day at 102.48.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
