Morgan Stanley Sees Hotter CPI Ahead of 3 Inflation Reports This Week
Updated
Updated · Bloomberg · May 11
Morgan Stanley Sees Hotter CPI Ahead of 3 Inflation Reports This Week
1 articles · Updated · Bloomberg · May 11
Tuesday’s CPI report is likely to come in “spicier,” Morgan Stanley macro strategist Matt Hornbach said, flagging the first key inflation reading in a week packed with market-moving data.
Three reports — CPI, PPI and import prices — will shape forecasts for PCE inflation, the measure the Federal Reserve watches most closely.
Hornbach said the week’s significance lies less in any single release than in how the numbers combine to form the PCE outlook, which will guide expectations for Fed policy.
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