Morgan Stanley: The Federal Reserve will not act preemptively.

Jin10 data reported on May 6, Morgan Stanley's analyst team led by chief U.S. economist Michael Gapen wrote in a research report: "Given that The Federal Reserve (FED) expects inflation to remain robust, and the tariff shocks may produce persistent inflationary effects, the FED is unlikely to take preemptive action." Although Trump has partially eased tariff measures since the "Liberation Day" on April 2, stabilizing the bond and stock markets to some extent, investors indicate that the overall anxiety about the subsequent developments has not dissipated. Gregory Peters, co-chief investment officer of PGIM Fixed Income, which manages $837 billion in assets, stated: "We advise investors to continue to exercise caution and drop risks."