Morgan Stanley: No clear guidance expected from this Fed meeting
2024-11-07 18:33:38
Morgan Stanley says economy growth strong inflation increasingly closedesk3cryptocurrencydesktopCrypto News
Morgan Stanley said the economy is growing strongly but inflation is getting closer to target, pushing the Fed to cut rates by 25 basis points. At the press conference, Powell will acknowledge strong GDP growth and payrolls in the third quarter of 2024 and will not emphasize the slowdown as he did at the last meeting.... Powell is not expected to give specific guidance on the size or pace of future rate cuts. Focus on the statement's statement on job growth. Fed Governor Bowman is expected to support not cutting rates.
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