New Inflation Data Comes in Below Expectations—Will the Fed Shift Course?

In today’s episode, we unpack the latest Consumer Price Index report showing underlying U.S. inflation rose just 0.1% in May, extending a four-month streak of soft data. We explore what’s driving the slowdown, how tariffs are (and aren’t) hitting consumers, and why economists are watching core goods and wage growth closely as the Fed eyes a potential rate cut.

Then we turn to New York City, where a sweeping new law just eliminated upfront broker fees for many renters. That could mean thousands of dollars in savings—but landlords are already planning workarounds, including rent hikes. We’ll break down what this means for tenant mobility, apartment affordability, and the ongoing power struggle between landlords and lawmakers. Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com

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