Bowman and Daly hold wildly opposing views on what to do with the Fed rate. Mary Daly isn’t solely focused on inflation but also on the rising unemployment rate. On the other hand, Bowman is against cutting rates this year and is so data-driven that she is actually discussing raising the Fed rate.

Let’s examine the impact high Fed rates have had on our economy. The objective was to slow down a hot market/economy to curb inflation, which sounds great and is historically accurate—except when the Fed rate remains high for an extended period.

Over time, higher costs for producers contribute to inflation. What costs me more will end up costing you more.

Home Prices hit all time high.

Case Shiller Home Price Index is the gold standard for appreciation. Prices rose 0.3% in April and up 6.3% year over year.

FHFA Housing Price Index which does not include Jumbo loans reported a 0.2% rise and a 6.3% year over year increase.