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Morgan Stanley's top US economist reveals the 2 risks that could challenge the Fed on inflation
Summary by The New York Ledger
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Morgan Stanley's top US economist reveals the 2 risks that could challenge the Fed on inflation
It’s been a surprisingly cool summer on the inflation front, but there are still macro forces lurking that could cause the Fed to leave interest rates higher for long. Morgan Stanley’s chief US economist, Michael T. Gapen, said in a note to clients on Friday that core consumer price index data shows inflationary trends are receding. In his team’s view, this will likely pave the way for the Fed to be patient and not rush to take action on interes…
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