Morgan Stanley says Federal Reserve will hold rates higher for longer, but then cut deeper ...Middle East

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Morgan Stanley says Federal Reserve will hold rates higher for longer, but then cut deeper
Morgan Stanley's chief US economist Ellen Zentner spoke at a conference re her projections Federal Open Market Committee (FOMC):“Make no mistake, they will be cutting rates this year” But “they can be patient and they can take their time” Morgan Stanley are forecasting the first in a series of rate cuts at the June meeting: Fed will hold rates steady for longer than the market expectsbut will then cut much more than expectedfirst 25bp cut in JuneThen, 25bp cuts in:SeptemberNovemberDecemberand following on with a 25bp cut in every meeting through 2025 This article was written by Eamonn Sheridan at www.forexlive.com.

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