Morgan Stanley economist expects the Federal Reserve to cut when CPI drops to 3% range

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Morgan Stanley economist expects the Federal Reserve to cut when CPI drops to 3% range

<p>A Morgan Stanley economist, speaking at the 2023 National Retail Federation's event in New York:</p><ul><li> "We see inflation coming down to about 3% by the end of 2023, and to about 2% by the end of 2024," </li><li>"We don't see the Fed considering reducing rates until the US reaches that 3% inflation range" </li></ul><p>---</p><p>Earlier on the Fed:</p><ul><li><a href="https://www.forexlive.com/centralbank/icymi-citi-ceo-says-fed-could-slow-interest-rate-hikes-by-early-summer-20230117/" rel="follow" target="_self" class="article-link vertical-align-baseline">ICYMI - Citi CEO says Fed could slow interest rate hikes by early summer</a></li><li><a href="https://www.forexlive.com/centralbank/morgan-stanley-on-fed-pause-a-lot-of-money-sitting-around-waiting-to-be-put-to-work-20230117/" rel="follow" target="_self" class="article-link">Morgan Stanley on Fed pause: "a lot of money sitting around waiting to be put to work"</a></li></ul><p>FOMC dates ahead for this year. If there are going to be rate cuts they'll be in the back half at the earliest:</p>

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Morgan Stanley economist expects the Federal Reserve to cut when CPI drops to 3% range

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