The head of the institution's American economics department predicts that, for the remainder of 2023, the housing market will play a significant role in driving down inflation. This forecast is based on the current economic landscape and potential market dynamics. Moreover, the economist anticipates that the Federal Reserve will take action in September, cutting interest rates by 50 basis points. This move is closely tied to the trend of the US unemployment rate, which is expected to reach 4.5% this fall and possibly rise further in October. In this context, the Fed will prioritize its dual mandate of employment, adjusting its policy strategy to address potential economic slowdowns and pressures in the job market.