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Morgan Stanley forecast US CPI to be under 2.0%y/y by the end of 2023
Morgan Stanley on their inflation outlook, a huge shift lower according to their forecast.
- US CPI is currently 7.7%Y, but we forecast it to be under 2.0%Y by the end of next year.
MS cite 5 reasons that'll cool inflation:
- Global demand should be weaker;Supply chains are showing much less stress;Inventories look increasingly elevated, inviting discounting for core goods;Risk in shelter prices is much more balanced; andBase effects shift materially (US gas pri... Read More
Posted: Nov 14 2022, 02:45
Author Name: forexlive
Views: 111668