摩根士丹利：通胀并未升温但仍高于目标 不足以支持美联储1月降息

Core Insights - The current inflation situation in the U.S. is not showing signs of re-acceleration, but it remains above target levels [1] - The cost transmission from tariffs is still limited, indicating that inflationary pressures are not significantly increasing [1] - There has been no improvement in housing affordability, which continues to be a concern [1] - The latest inflation report does not provide sufficient justification for the Federal Reserve to consider interest rate cuts in the near term [1]