I am surprised that rent picked up. With real hourly earnings down and low population growth I would have expected rent to be the calmest part of the report
PSA
given the error in these numbers, 2.4 and 2.6 are the same
also, 2.6 is not a problem, true it is higher then the FEDs preferred rate of 2, but the FED is just economists, the same people who for decades had sound theoretical reasons why min wage laws were BAD for workers