Morgan Stanley: Inflation data insufficient to justify a Fed rate cut in January

Morgan Stanley Wealth Management Chief Economic Strategist Alan Zentner commented on US inflation: "We've seen this before. Inflation hasn't rebounded, but it remains above target. The cost pass-through from tariffs remains limited, but housing affordability hasn't improved. Today's inflation report is insufficient to provide the necessary justification for the Federal Reserve to cut interest rates later this month." (Jinshi)