Morgan Stanley: CPI data has met expectations of a 25 basis point rate cut

Chris Larkin of Morgan Stanley E*Trade said that the market generally expects the Fed to cut interest rates by 25 percentage points next week, and today's CPI data was more or less in line with the target, in line with the expectation of a 25 basis point rate cut. Investors who hoped for a larger rate cut may be disappointed, but as inflation seems to be under control, the market may turn its attention back to economic growth, especially employment. (Jin Shi P)