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Morgan Stanley: Inflation data does not justify a rate cut in January Federal Reserve
Svmuu News: Allen Zentner, Chief Economic Strategist at Morgan Stanley Wealth Management, comments on U.S. inflation: "We’ve seen this before. Inflation isn’t picking up again, but it remains above target. The pass-through of tariff costs remains limited, but housing affordability has not improved."Today’s inflation report does not provide sufficient justification for the Federal Reserve to cut interest rates later this month. (Jin Shi)
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