According to a ChainCatcher report citing Jin10, Morgan Stanley forecasts that the U.S. CPI report for December, to be released later today, will show a monthly inflation rate of 0.37% and an annual rate of 2.7%. The core inflation rate is expected to be 0.36% monthly and 2.8% annually. Morgan Stanley noted that the later data collection period for the November survey and higher urban inflation levels will push the core monthly inflation rate for December up by approximately 11 basis points, indicating a clear rebound in price pressures.
Morgan Stanley Forecasts Inflation Rebound in U.S. December CPI Report
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Summary
Morgan Stanley forecasts that the U.S. December inflation data will show a 0.37% monthly increase and an annual rate of 2.7%. Core inflation is expected to rise 0.36% monthly and reach 2.8% annually. The firm cited a later data collection period and higher urban inflation as factors contributing to the rebound. Traders are advised to keep an eye on altcoins as potential market reactions to the inflation data unfold.
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