Morgan Stanley analysts say FOMC will cut US rates in September & October
An ICYMI on MS call for the Federal Reserve September meeting (Federal Open Market Committee)
- to cut 25bps
- and then another 25bps again in October
MS adding in the Sep. call, previously were calling October only.
- increasing trade tensions
- weaker US business sentiment
- weaker capex
- weaker global economic growth
- inflation expectations falling
Blast from the past!