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:
- ICYMI - Citi CEO says Fed could slow interest rate hikes by early summer
- Morgan Stanley on Fed pause: "a lot of money sitting around waiting to be put to work"
FOMC dates ahead for this year. If there are going to be rate cuts they'll be in the back half at the earliest:
