Safanad Industry Capital says stripping owners’ equivalent rent puts August core CPI at 2.1% - SPY News | RalliesSafanad Industry Capital says stripping owners’ equivalent rent puts August core CPI at 2.1%
S
SPY• Commentary on CPI methodology and Fed rates
- Safanad Industry Capital Internet Infrastructure Partnership LP urged the Federal Reserve to hold rates, citing distorted CPI methodology.
- Commentary argued Owners’ Equivalent Rent is “made-up” and should carry a 0% weight, not 26.9% of headline CPI.
- Removing OER would put August core CPI inflation at 2.1%, near the Fed’s 2% target.
- Estimated core CPI excluding OER ran 2.2% in June, 2.2% in July, 2.1% in August.
- The post cited data “noise” from supply shocks, urging policymakers to wait for clearer evidence of demand-driven inflation.
•
