1126 ET - The best news from Friday's inflation report came from the housing sector, Fifth Third Commercial Bank's Bill Adams says in a note. Prices are high, but the rate of increase is finally under control, the economist says. Rent of primary residence rose less this past August than in any month between 2014 and 2019, he says. That was the "glass half full" portion of the otherwise mixed readout, Adams says. There were also outsize increases of discretionary travel service prices, suggesting that strong demand there is adding to inflation outside of energy and AI-related electronics, he says.
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