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M Stanley Now Expects Fed to Stand Pat This Yr, Cut Rates Twice Next Yr
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Due to persistently high US inflation and resilient economic conditions, Morgan Stanley has abandoned its previous forecast for rate cuts this year. The broker is now expecting that the Fed won't cut rates until next year. While inflation remains above the Fed's 2% target, recent economic data shows continued strength in economic growth and the labor market, which has reduced the urgency for further policy easing. As inflation pressures ease more visibly and economic growth slows to trend levels, the Fed is expected to cut interest rates in January and March next year. Auto-translated by AI AASTOCKS Financial News |
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