Tech Insider
Economy
US capitol
The US government is spending around $5.2 billion each day, according to one Bank of America estimate.

AP Photo/J. Scott Applewhite

  • The US hasn't killed all of the inflationary pressures in the economy, Morgan Stanley's Jim Lacamp said.
  • The bank's investing senior VP pointed to the government's rapid pace of spending. 
  • The downtrend in the CPI is likely a sign that the economy is slowing, he warned.

The US hasn't squashed inflation yet as the government continues to rack up a hefty spending bill, according to Morgan Stanley investing senior vice president Jim Lacamp.

Consumer inflation has slowed to an annual rate of 3.1% in November from a peak of more than 9% in June 2022, though it's still above the Fed's 2% target.

Tags
economy, Markets, us-economy-outlook, Inflation, Recession, recession-2024, fed-rate-cuts, fed-rate-cuts-2024, inflation-outlook, government-spending, us-debt, us-national-debt, morgan-stanley
Source
The US hasn't killed its 'inflation demon' as government spending still runs wi…