Responses to the Federal Open Market Committee (FOMC) 75bp rate hike on Wednesday continue.
ICYMI:
Morgan Stanley now say they expect a 'steeper' path ahead for Fed rate hikes for the remainder of 2022, and, by the end of this year:
- to a higher peak rate around 4%
Looking further out, MS:
- The key question now is how quickly do they stop hiking rates, and prepare for cuts should they see a material slowing
