The Daily Money: Here's how to get cheap rent

Happy Fat Tuesday! I'm Elisabeth Buchwald, here with today's Daily Money.

Inflation barely nudged down last month, but it may still have a shot at coming down faster than you and the Fed might think, according to some economists. 

The reason they think inflation could come down is a result of rent and wage growth. 

Rent, which makes up 40% of inflation that excludes food and energy, could slide more briskly than Fed officials believe over the next few months. Wage growth in service industries like health care, education, and white-collar professions doesn’t appear to be driving up prices as much as Powell fears.

Cheap rent but with strings attached 

Cheap rent these days feels like saying free beer tomorrow. 

But with the soon-to-be-launched membership program called "Standby", you can live in a nationwide rental network of fully furnished apartments across 350 cities for $1,295 a month. No security deposits, no leases, no utility costs. Meanwhile, the median listed rent in December was $1,712, or 32% higher, in the 50 largest U.S. metropolitan areas.

Here's the catch: You'll be given 72 hours' notice to move out.

For more information on how it all works, be sure to check out Swapna Venugopal Ramaswamy's story.

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About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Elisabeth Buchwald is a personal finance and markets correspondent for Paste BN. You can follow her on Twitter @BuchElisabeth and sign up for our Daily Money newsletter here