Goolsbee puts the focus on US housing inflation

I don't think we've heard anything consequential from any Fed member yet this week but Goolsbee's focus on housing services inflation at least offers something of a guide for what to watch in the upcoming CPI and PCE reports.

Here's a good chart from DB showing how seasonality might have contributed to higher rents.

Up next we will hear from the Fed's Kashkari and Mester at the top of the hour.