[Morgan Stanley: Latest PCE Report Fails to Lower Fed Rate Hike Expectations] Odaily Planet Daily News – The monthly core Personal Consumption Expenditures (PCE) price index rose 0.2% month-over-month and 3.3% year-over-year, both figures in line with expectations. Morgan Stanley Wealth Management Chief Economist Ellen Zentner commented: 'The moderate upside surprise in today's inflation data, coupled with relatively strong economic performance, is not what investors or the Federal Reserve would like to see. However, this data is not sufficient to tip the scales for the decision at the September Federal Open Market Committee (FOMC) meeting.' (Yahoo Finance)