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Morgan Stanley: Inflation has not heated up but remains above the target, making rate cuts difficult to support
GateNews
ChainCatcher News reports that Morgan Stanley Wealth Management Chief Global Strategist Ellen Zentner commented on US inflation, stating that inflation has not reignited but remains above the target level. The cost pass-through from tariffs is limited, and housing affordability has not improved. Today’s inflation report is not enough to support the Federal Reserve’s decision to cut interest rates later this month.
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