Fed faces problem as rising rents fuel inflation - NewsBreak

Editor's note: Business content from The New York Times will now be included with your subscription to Finance & Commerce. Not a subscriber? Start your subscription here. Terrell McCallum, a private wealth adviser in Dallas, spends a lot of time thinking about markets and interest rates. He knows that the Federal Reserve targets 2% annual price increases on average, so it was a shock when he learned that his rent would increase a whopping 10% this year.