Monthly Economic Commentary and Indicators

for Realtors & Mortgage Industry Professionals

September 2022

Powell said: “Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing Inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down Inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing Inflation. But a failure to restore price stability would mean far greater pain.” Fedspeak Translation: Don’t expect interest Rates to come down any time soon. The Fed is going to keep Monetary Policy tight until Inflation is under control, and Inflationary Expectations are banished from Consumer Psychology – which could take some time.

Read the full versions of this month’s “Economic Commentary and Calendar” using the “VIEW PDF” icon below.