A Morgan Stanley economist, speaking at the 2023 National Retail Federation’s event in New York:
- “We see inflation coming down to about 3% by the end of 2023, and to about 2% by the end of 2024,”
- “We don’t see the Fed considering reducing rates until the US reaches that 3% inflation range”
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Earlier on the Fed:
FOMC dates ahead for this year. If there are going to be rate cuts they’ll be in the back half at the earliest:
