Morgan Stanley’s chief investment officer says inflation will only decline over the next 12 months after peaking at a sky-high 9.1% in June. But stocks, which have already taken a beating during the current downturn, are vulnerable to even more turbulence.
“Inflation has peaked,” Mike Wilson told CNBC. “We’re pretty confident it’s going to come down pretty hard next year. And the real question is what does that mean about growth?”
