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Morgan Stanley says the US is in a disinflationary process, lower their inflation forecast

A Morgan Stanley note from Friday ICYMI, saying that the data on inflation that was out during the week, for US CPI and PPI "point to a quicker progression in the disinflationary process". And add that the slower momentum is "notable".Morgan Stanley have thus lowered their forecast for core PCE inflation in 2023 and 2024:3.3% 4Q/4Q this year (from 3.4%)and 2.2% in 2024 (from 2.3%)Separately MS say that the Auto Workers strike adds to uncertainty in the economy and that will keep the Federal Open...
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Posted: Sep 18 2023, 02:58
Author Name: forexlive
Views: 091136