Morgan Stanley pushes Fed rate cut expectation to September from July

Morgan Stanley pushes Fed rate cut expectation to September from July/Reuters

VoM News Desk | May 8, 2024 | 10:28 AM IST | Breaking News | Follow on Google News

Morgan Stanley pushes Fed rate cut expectation to September from July

Morgan Stanley pushes Fed rate cut expectation to September from July

May 8 (Reuters) – Morgan Stanley said it now expects the U.S. Federal Reserve to start lowering interest rates from September, compared to its earlier forecast of July, while continuing to see three 25-basis-point rate cuts through the year.

“A reversal in key components points to disinflation ahead, but given the lack of progress in recent months it will take a bit longer for the FOMC to gain confidence to take the first step,” the brokerage said in a note on Tuesday.

(Except for the headline, this story has not been edited by VoM News staff and is published from syndicated feed)

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.