I suppose the conclusion, "the biggest picture is that OER inflation is running well above pure rent inflation (see chart)...it may well the deter the Fed from

I suppose the conclusion, "the biggest picture is that OER inflation is running well above pure rent inflation (see chart)...it may well the deter the Fed from cutting interest rates anytime soon" may be relevant today, but when I see the chart over time, I see that the entire concept of OER inflation is completely out of touch with reality, and that if they were observing observed rent instead they wouldn't have been so far behind the ball on inflation. Not sure if paying attention to observed rent now makes up for ignoring it earlier yet.