Money Rents are rising at fastest pace in 40 years. Why it’s bad for inflation, the Fed, and you. September 13, 2022 Medora Lee, USA TODAY Comments Off on Rents are rising at fastest pace in 40 years. Why it’s bad for inflation, the Fed, and you. Rents are rising at the fastest pace in 40 years. This could keep inflation hot, the Fed raising rates and consumers squeezed in coming months.