According to Odaily, Morgan Stanley Wealth Management's Chief Economic Strategist, Ellen Zentner, has commented on the current state of U.S. inflation. Zentner noted that the situation is reminiscent of past occurrences, with inflation not reigniting but still remaining above target levels. She highlighted that the cost transmission from tariffs remains limited, and there has been no improvement in housing affordability. Today's inflation report does not provide sufficient grounds for the Federal Reserve to consider a rate cut later this month.