IMHO, what I see from the latest CPI report is inflation becoming persistent and it looks like shelter prices are the reason. So I don't think rates will be cut

IMHO, what I see from the latest CPI report is inflation becoming persistent and it looks like shelter prices are the reason. So I don't think rates will be cut in the near short-term and will likely remain unchanged. The good news is that apartment construction [1] and vacancies [2] are trending up, so this could give way to lower rents and CPI coming down to what the FED is expecting but I don't think this is happening in March but rather much later next year. So, I think we'll have more pain and layoffs in the tech market for the majority of next year... [1] https://fred.stlouisfed.org/series/UNDCON5MUSA https://fred.stlouisfed.org/series/UNDCON5MUSA [2] https://fred.stlouisfed.org/series/RRVRUSQ156N https://fred.stlouisfed.org/series/RRVRUSQ156N