HomeMarketsFed WatchHarvey: ‘Only Reason’ Inflation is Up is Shelter – Calls for 4 Rate Cuts This Year

Harvey: ‘Only Reason’ Inflation is Up is Shelter – Calls for 4 Rate Cuts This Year

Campbell Harvey says the “only reason” inflation is running up right now is because of shelter costs. “We need the Fed to bring the rate to where it should be,” he argues, which is at least “100 basis points” lower than it is now. He wants at least four cuts this year. He also discusses the potential impact of tariffs.

Market On Close

25 Mar 2025

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