• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, June 18, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Morgan Stanley CEO James Gorman says inflation has peaked

by Reshab Agarwal
January 22, 2023
in Crypto, News, Trending
Reading Time: 3 mins read
0
Morgan Stanley CEO James Gorman says inflation has peaked
TwitterWhatsappLinkedin

Morgan Stanley Chief Executive Officer James Gorman said that inflation has peaked and China has made a significant pivot. He added that these two changes have recently happened that matter significantly to the economy.

You might also like

OpenAI Awarded $200 Million US Defense Contract

Google Pixel 10 Series to Debut Tele-Macro Camera and Tensor G5 SoC

Adobe’s Firefly Expands to iOS and Android, Bringing Powerful AI Tools to Mobile Devices

James Gorman on the US economy and inflation

In an interview with CNBC last Thursday in Davos, Switzerland, the chairman, and CEO of one of the largest global investment banks, Morgan Stanley, James Gorman, discussed the US Economy and China’s relationship with the US.

Morgan Stanley CEO James Gorman says inflation has peaked

He said that two things that have changed recently and really matter are inflation being at this peak and China’s recent economic pivot. He added that the question is whether the US Federal Reserve can reach its 2 percent inflation target and how hard it will try to get to 2 percent v/s stabilizing around 3 to 4 percent.

Regarding the US Federal Reserve hiking interest rates, Gorman also mentioned, “We were on a 75-basis point track. We then quickly moved to 50”. Gorman added that he expects the Fed to increase the rate by 25 basis points at the next Federal Open Market Committee meeting.

China has made a significant pivot

Morgan Stanley Chief Executive Officer James Gorman said that inflation has peaked and China has made a significant pivot are now the two things that matter to the economy. While explaining the second change, he said that China had made a major pivot, and now the focus was on the critical reopening.

Morgan Stanley CEO adds that the recent pivot economically, the relationship thawing with the US and the meeting with the vice premier and Secretary Yellen are all big deals. The Treasury explained last week that US Treasury Secretary Janet Yellen met with China’s Vice Premier Liu He on Wednesday as part of efforts to deepen communication and work together to overcome global challenges.

He also added that US President Joe Biden and President Xi Jinping met in Bali and agreed to empower key senior officials to engage in these issues and solve them. Gorman concluded that under President Xi’s mantra of common prosperity, there are only two ways to achieve it: redistribution of existing properties or growing the pie. Hence, everyone gets a piece of it.


Do you agree with Morgan Stanley Chief Executive Officer James Gorman about inflation and China Pivoting? What are your thoughts about his statements? Let us know in the comments below. And, if you found our content informative, share it with your family and friends.

Also Read: Bank of America says digital currencies appear inevitable, adding that CBDC would be the future.

Tags: # James_Gorman#Inflation
Tweet54SendShare15
Previous Post

Bank of America says digital currencies appear inevitable, adding that CBDC would be the future

Next Post

Cathie Wood’s Long-term Strategy Leads to Strong Returns in the S&P 500

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

OpenAI Awarded $200 Million US Defense Contract

by Sneha Singh
June 18, 2025
0
OpenAI Awarded $200 Million US Defense Contract

OpenAI has officially entered the government sector with a bang, landing its first major contract with the U.S. Department of Defense worth up to $200 million. The artificial...

Read more

Google Pixel 10 Series to Debut Tele-Macro Camera and Tensor G5 SoC

by Anochie Esther
June 18, 2025
0
Pixel 10 series

Google is set to unveil its Pixel 10 series on August 20, and early leaks have already started shedding light on some exciting new features. One of the...

Read more

Adobe’s Firefly Expands to iOS and Android, Bringing Powerful AI Tools to Mobile Devices

by Anochie Esther
June 18, 2025
0
Firefly

Adobe has officially extended its Firefly platform to mobile users with the launch of dedicated apps for iOS and Android. The move signals a significant evolution in Adobe’s...

Read more
Next Post
Cathie Wood's Long-term Strategy Leads to Strong Returns in the S&P 500

Cathie Wood's Long-term Strategy Leads to Strong Returns in the S&P 500

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?