Morgan Stanley'sEllen Zentner and her team have cut their core PCE forecast for 2017 to 1.4% and lowered the 2018 projections to 1.7%. As a result, Zentner et al now sees fewer interest rate hikes coming out of the Federal Reserve.
A December rate hike is still in the cards, says Zentner. But next year, she sees three, not four rate hikes.
In fact, Zentner et al see five reasons why inflation will remain tepid.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
