Chief U.S. Equity Strategist Mike Wilson expects inflation to ease in all but two areas — one of which is in a 'new bull market.'
Morgan Stanley's Chief U.S. Equity Strategist Mike Wilson expects a "pretty steep decline in inflation" between now and the end of next year. Consumer price increases could drop to 4% or 5% by June next year, and back to 2% or 3% by the end of 2023, he told CNBC's "Street Signs Asia" Friday. That's compared to October's 7.7% increase from a year ago , which was less steep than expected.
So they have to deal with that," Wilson added. It follow other calls that the era of cheap money is over , spelling tough times ahead for sectors such as tech. Wilson added that markets are in a "boom-bust environment" — with short, hotter economic cycles.
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