Core Insights - Morgan Stanley has revised its economic forecasts, now expecting US GDP growth of 1.3% in 2025, a downward adjustment of 0.2% from previous estimates [1] - The forecast for PCE inflation has been increased to 2.7%, up by 0.2% from earlier predictions [1] - Core PCE inflation expectations have also been raised to 3.1%, reflecting an increase of 0.3% from prior forecasts [1] Economic Indicators - US GDP growth forecast for 2025: 1.3% [1] - PCE inflation forecast: 2.7% [1] - Core PCE inflation forecast: 3.1% [1]