After conveying the likely peak of interest rates at the major central banks during early Week, Morgan Stanley (MS) provided detailed expectations for the next week’s Federal Open Market Committee (FOMC) monetary policy meeting.
MS said they expect the Fed to deliver a 25 basis points (bps) hike and communicate a conditional pause.
The research also states that their rates strategists see scope for markets to extract a dovish message from the Fed at the upcoming FOMC meeting. That said, the MS highlights news about recent banking system stress as a challenge for the US central bank hawks.
It’s worth noting that the MS anticipates softer second quarter (Q2) US Gross Domestic Product (GDP) data while expecting -0.4% figures for the Q2 2023 GDP.
Also read: Fed rates are unlikely to go anywhere near zero, even if US economy tips into recession – Morgan Stanley
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.