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Morgan Stanley on sticky US inflation: "more worried about 2024 than about 2023"
An analyst at Morgan Stanley Investment Management is worried about persistent US inflation:“I’m more worried about 2024 than I am about 2023” “Right now, the monthly year-over-year inflation numbers are coming down, but that’s going to get tougher next year. The bar is going to get harder, and a time when the Fed is still pressing on this 2% goal, I see that as a tough thing to overcome.”As for US equities, though:the election could delay a selloff, with excessive stimulus taking hold in Q4 of...
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Posted: Sep 5 2023, 21:07
Author Name: forexlive
Views: 110870