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Morgan Stanley expect no FOMC rate hike in September - US CPI report "a small victory"
A couple of analysts at Morgan Stanley on the US CPI report issued Wedneday and the implication for the Federal Open Market Committee (FOMC). One: the 10% increase in oil prices added 35bp to headline CPI for 3 monthsand just 3bp to core CPIHigher energy prices must be sustained for some time to have a greater, more durable effect The Fed will look through this Two:middle-of-the-road CPI report may have disappointed those who were looking for inflation to establish a clear cooling trendBut giv...
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Posted: Sep 13 2023, 23:17
Author Name: forexlive
Views: 112148