Brokerages split on 2025 US rate path after Morgan Stanley revises outlook
Morgan Stanley now expects the Federal Reserve to cut interest rates by a quarter-percentage point in December, aligning with J.P. Morgan and BofA Global Research. This shift follows softer economic data and dovish remarks from Fed officials. The firm anticipates further cuts in January and April, projecting a terminal rate of 3.0%-3.25%.
Morgan Stanley now expects the Federal Reserve to cut interest rates by a quarter-percentage point in December, aligning with J.P. Morgan and BofA Global Research. This shift follows softer economic data and dovish remarks from Fed officials. The firm anticipates further cuts in January and April, projecting a terminal rate of 3.0%-3.25%.
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