Morgan Stanley Expects Hotter CPI Data on Tuesday, Ahead of Key Weekly Inflation Reports

Morgan Stanley's global macro strategist Matt Hornbach expects the Consumer Price Index (CPI) report on Tuesday to show stronger-than-expected inflation data, marking the first of several inflation-related releases this week. The CPI, along with the Producer Price Index (PPI) and import price data, will collectively influence the Personal Consumption Expenditures (PCE) price index, which is the Federal Reserve's preferred inflation gauge, according to Bloomberg Television.
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