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Morgan Stanley: Once we got past a big risk event in the CPI data, investors decided it's time to start putting money to work

Matthew Hornbach, global head of macro strategy at Morgan Stanley, says while many components in the CPI data, such as spiking used car prices, will be transitory, others could be more sustainable and worth watching by the Fed, including home prices and rent rates.
04:53
Fri, Jun 11 20217:32 AM EDT