The U.S. rental market "breaking" before the labor market would be unexpected, but it's emerging as a possibility. And if the trend continues, it becomes a question for the U.S. economy of whether the official inflation data that the Fed is using to make policy decisions will turn before the labor market does.
Conor Sen is a Bloomberg Opinion columnist. He is founder of Peachtree Creek Investments and may have a stake in the areas he writes about.
