Changes In Inflation By City

“While there is uncertainty about how effective interest rates are, there is consensus among economists that raising interest rates does lower inflation somewhat. However, interest rates are a blunt tool and rising interest rates can have widely varying impacts on households and businesses depending on their financial situation. For example, someone who wants to buy a house in early 2024 with a 7% mortgage rate is severely disadvantaged relative to someone who bought a house in 2021 with a 3% mortgage rate,” said economics professor Aeimit Lakdawala. Full Article