Morgan Stanley: Fed sẽ giữ lãi suất không đổi bất chấp tín hiệu cứng rắn của Powell

The Huoxing Finance report states that on September 4, Morgan Stanley expects the Federal Reserve to maintain interest rates unchanged, despite Fed Chair Walsh releasing hawkish signals at the Jackson Hole symposium. Current inflation data may provide justification for the Fed to remain patient. The bank forecasts that the U.S. August core CPI will rise 0.23% month-over-month, and core PCE will increase 0.20% month-over-month. Additionally, revisions to PCE data could lower the year-over-year core PCE growth rate from 3.3% to approximately 3.1%, further supporting a pause in rate adjustments. Walsh’s hawkish language is more likely intended to preserve policy flexibility rather than signal the imminent start of a new rate-hiking cycle.