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Morgan Stanley economist weighs in on the latest U.S. inflation report
![Morgan Stanley economist weighs in on the latest U.S. inflation report](https://www.stockwaveinsights.com/wp-content/uploads/2024/02/107373232-17078645821707864575-33322735704-1080pnbcnews-780x470.jpg)
Ellen Zentner from Morgan Stanley says the Fed won’t cut rates till mid this year given hotter-than-expected inflation data. She adds that spending from wealthy households in the U.S. is still strong because white collar layoffs are not happening yet.
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