MORGAN STANLEY WEALTH MANAGEMENT: THE LATEST PCE REPORT FAILED TO REDUCE THE FED'S INTEREST RATE INCREASE EXPECTATIONS

On 26 August, the price index index of the core personal consumption expenditure (PCE) increased by 0.2 per cent in July and 3.3 per cent in the same year, both of which were in line with expectations. Ellen Zentner, the chief economic strategist of Morgan Stanley Wealth Management, said this: “The moderate and over-anticipated rise in inflation data today, as well as relatively strong economic performance, is not what investors or the Fed would like. This set of data is not sufficient to change the balance of decision-making at the September meeting of the Federal Open Market Commission (FOMC)。