[Morgan Stanley: Inflation Hasn't Reheated but Remains Above Target, Insufficient to Support Fed Rate Cut in January] Morgan Stanley Wealth Management Chief Economist Ellen Zentner commented on U.S. inflation: We've seen this situation before—inflation hasn't reheated but remains above target levels. The cost pass-through from tariffs remains limited, but housing affordability has not improved. Today's inflation report is not sufficient to provide the basis needed for the Federal Reserve to cut rates later this month. (Sina Finance)