Morgan Stanley: Federal Reserve Chairperson Powell may point out that even if interest rate cuts continue to tighten
2024-08-19 12:28:48
Morgan Stanley expected Federal Reserve several consecutive meetings rate cutsdesk3cryptocurrencydesktopCrypto News
Morgan Stanley expects the Fed to cut interest rates by 25 basis points in successive meetings and Chairperson Jerome Powell to lay out the Fed's medium-term strategy, particularly as persistent disinflation means the Fed can focus on maintaining economic expansion. Powell is likely to point out that policy will remain tight even after the rate cut.
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