Fed Is Done Hiking Rates: Morgan Stanley's Tirupattur

The transcript discusses the progress of core CPI and expectations for future inflation rates, particularly focusing on the impact of gasoline prices. It highlights the challenges faced by the Federal Reserve in managing inflation and the potential influence of the commodity market on inflation and central bank policies. The overall sentiment is that the Fed has done enough to manage inflation, and no further rate hikes are expected in the near term.

What is the expected month-over-month change for the August core CPI?

How does the speaker perceive the current environment for the Fed?

What does the speaker believe about the Fed's actions regarding interest rates?

What is the speaker's view on the potential impact of commodity prices on inflation?

What trajectory does the speaker expect for core inflation?