Rent “Inflation” Plunges To 2.2% YoY While Core PCE YoY Prints At 1.45% (Taylor Rule Rudebusch Now At 1.45%)

https://confoundedinterest.net/2021/01/29/rent-inflation-plunges-to-2-2-yoy-while-core-pce-yoy-prints-at-1-45-taylor-rule-rudebusch-now-at-1-45/ 

IF Powell & Co pay attention to this specification of the Taylor Rule (they haven’t in the past), then there isn’t likely a Fed Funds Target rate on the horizon. This is consistent with the Fed Funds Dots Plot