Morgan Stanley on sticky US inflation: "more worried about 2024 than about 2023"

<p>An analyst at Morgan Stanley Investment Management is worried about persistent US inflation:</p><ul><li>“I’m more worried about 2024 than I am about 2023” </li><li>“Right now, the monthly year-over-year inflation numbers are coming down, but that’s going to get tougher next year. The bar is going to get harder, and a time when the Fed is still pressing on this 2% goal, I see that as a tough thing to overcome.”</li></ul><p>As for US equities, though:</p><ul><li>the election could delay a selloff, with excessive stimulus taking hold in Q4 of '24</li></ul><p>Comments via NBC report.</p><p>—</p><p>I posted yesterday on South Korean inflation:</p><ul><li><p><a href="https://www.forexlive.com/news/south-korean-august-cpi-has-risen-at-its-fastest-mm-rate-since-january-2017-20230904/" target="_self">South Korean August CPI has risen at its fastest m/m rate since January 2017</a></p></li></ul><p>South Korea's economy is often seen as a bellwether for the global economy. That doesn't necessarily extend to inflation, but if it does … yeah sticky indeed. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.