[Morgan Stanley: Despite Waller's Hawkish Signals, the Fed Will Likely Keep Rates Unchanged] BlockBeats News, September 4, Morgan Stanley predicts that despite Federal Reserve Governor Waller signaling a hawkish stance at the Jackson Hole Symposium, the Fed will likely keep interest rates unchanged. Current inflation data may provide justification for the Fed to remain patient. The firm expects the U.S. core CPI for August to rise 0.23% month-on-month, and core PCE to rise 0.20% month-on-month. Additionally, revisions to PCE data may lower the year-on-year growth rate of core PCE from 3.3% to approximately 3.1%, further supporting a pause in rate adjustments. Waller's hawkish rhetoric is more likely aimed at preserving policy flexibility rather than signaling the start of a new rate hike cycle.