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Morgan Stanley Predicts September Rate Cut as Fed Shifts Stance
Morgan Stanley Predicts September Rate Cut as Fed Shifts Stance
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BTCCSquare news:
Morgan Stanley has reversed its monetary policy outlook, now forecasting a 25-basis-point Federal Reserve rate cut in September followed by another reduction before year-end. This pivot follows Chair Powell's Jackson Hole speech emphasizing labor market softness over inflation concerns, signaling potential earlier easing.
The bank joins Barclays, BNP Paribas, and Deutsche Bank in anticipating autumn rate cuts, with markets pricing an 80% probability of September action. Treasury yields dipped and growth stocks rebounded as investors repositioned for accommodative policy.
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