Influential Fed official puts December rate cut
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Morgan Stanley dropped its forecast for a 25-basis-point Federal Reserve rate cut in December following stronger-than-expected September employment da
(Reuters) -J.P. Morgan mirrored Morgan Stanley in withdrawing its forecast for a 25-basis-point Federal Reserve rate cut in December following a stronger-than-expected US jobs report. In a note released late Thursday, the Wall Street brokerage said it still expects the next rate cuts to occur in January and April.
Morgan Stanley’s chief investment officer just issued a warning about asset markets that he believes could end up being a fantastic entry point for bulls. In a new interview on the Master Investor Podcast With Wilfred Frost,