Case-Shiller National Home Price Index Slows To -0.46% YoY As Fed Withdraws Covid Stimulus SLOWLY (Mortgage Rates UP 151% Under Bidenomics, Taylor Rule Suggests Fed Rate Of 10.42%)

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by confoundedinterest17

The Case-Shiller home price numbers are out for May. The national home price index is down -0.46% YoY as The Fed slows M2 Money growth into negative growth territory. No doubt Biden (and Karine Jean-Pierre) will take credit for slowing home price growth, although The Federal Reserve slowing monetary stimulus is mostly responsible.

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The Fed is still slow walking shrinking its enormous balance sheet. Although The Fed is cranking up their target rate.

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The Taylor Rule suggests a 10.42 target rate to cool inflation. They are only half way there!!!


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