CPI and jobs data, not Jackson Hole, will determine the Fed's course https://t.co/LRLwOtq6d6
BREAKING: 🇺🇸 MORGAN STANLEY SAYS CPI AND JOBS DATA WILL GUIDE FED, NOT JACKSON HOLE. https://t.co/pgVYLTwPsB
UPDATE🚨 MORGAN STANLEY STATES FED WILL PRIORITISE CPI AND JOBS DATA OVER JACKSON HOLE! https://t.co/gwbAT9zOSu
Morgan Stanley said the U.S. Federal Reserve is likely to base its next policy decisions primarily on incoming inflation and labor-market numbers rather than on signals from officials at next week’s Jackson Hole economic symposium. In a note to clients, the bank emphasized that the Consumer Price Index and forthcoming employment reports will carry greater weight for the Federal Open Market Committee, arguing that recent payroll figures may exaggerate labor-market softness because they do not fully capture population growth.