Morgan Stanley: Inflation Data Insufficient to Support Fed Rate Cut in January

Odaily News Morgan Stanley Wealth Management Chief Economic Strategist Ellen Zentner commented on US inflation: We've seen this situation before, inflation is not reaccelerating, but it remains above target levels. The cost pass-through from tariffs is still limited, and housing affordability has not improved. Today's inflation report is not sufficient to provide the necessary basis for the Federal Reserve to cut interest rates later this month. (Jin10)