Fed Faces Challenges from Hot CPI Report
Jim Caron, CIO of Morgan Stanley Investment Management, warns that a higher-than-expected CPI report could present challenges for the Federal Reserve's policy decisions. He notes that stronger nominal growth is currently supporting equity market gains, creating a complex economic backdrop.
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A Hot CPI Report Causes Problems for Fed, Caron Says
Jim Caron, CIO of Morgan Stanley Investment Management, warns that a higher-than-expected CPI report could present challenges for the Federal Reserve's policy decisions. He notes that stronger nominal growth is currently supporting equity market gains, creating a complex economic backdrop.
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