Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. shares fall 1.25% intraday as investors await inflation data.

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. declined 1.25% in intraday trading. The decline may be attributed to the broader market sentiment, with Wall Street falling due to record high prices and lofty valuations, as well as cautious comments from Federal Reserve Chair Jerome Powell on further rate cuts. Additionally, investors are awaiting the Personal Consumption Expenditures index data, which could either soothe or inflame fears about inflation and interest rates.