-- then aobs report jobs report -- than a jobs report? professor blinder: almost. there is absolutely nothing showing on the price side. the only place that the worry warts about inflation have to look is on the wage side and they have been looking mostly at the eci. to me what was striking was the lack of any sign posting. in the previous committee meeting they did some things to the language that indicate what it might be and why have we not? don'tt is partly that i think they really have a strong intention to go at the september meeting. interpretation at least. happens to be consistent my forecast. there may be confirmation bias, if possible. but i do think it is consistent with that. i also think they have been in the in the minutes congressional testimony that they don't need convert -- additional language to lift off. that is certainly what they would say to me it does seem pretty surprising that there is still a fairly large majority of pastors forecasting a september rate hike -- forecasters forecasting a september rate hike area that seems like dramatic l

that i is because younger workers are at least feeling more confident theyill hal aob. that is because we have seen interest rates very favorable buying homes. peter, will that last? peter: it will last but let's be clear, the pace of buying and building houses is not an prerecession levels. not talking about the prices but the pace there is a change in the structure, boosting construction. young people l like to live in citiesso we are seeing a boom in apartment constructions, more than single unit housising. a change i in preferences. ople do not wanto be e in their cars as muchat leaeast these young people.. rebecca: the washington housing market never really entirely one away but we have always seen pockets of growth and pockets of failure. anacostiaaw a 36%6% growth in housing prices in the last three months. th is astounding. that is an area you havbeen looking at every year. what is your take on these mbers? josh: this is thehe next page in washington-d.c. gentrification. anacostia is close enough to the nationals ballpark, more people are going g to the area and