Cognac And Shelter Inflation

The Fed is counting on a decline in US shelter inflation. If that doesn't pan out, they're in trouble. Fortunately, it's already panned out. Or at least that's what we're told. This is the kind of disinflation that's "in the pipeline," to use the preferred vernacular in some corners. How accurate is that contention? Well, no one knows if we're honest. You'd think a prerequisite for calling something a foregone conclusion (and many have described shelter disinflation in just such terms) would b