Morgan Stanley cuts its Fed rate hike forecast for 2019, now expecting only one

Author: Eamonn Sheridan | Category: Central Banks

Morgan Stanley were forecasting Federal Reserve rate hikes in both June and December  

  • Now expecting a December 2019 hike only
  • expects the Fed will then stay on hold until inflation accelerates by the middle of 2020
  • then hike in June, September and December of 2020
  • Morgan Stanley says economic growth in the US moving through a trough at present
  • expect Q1 GDP +0.5%
  • expect 2.3% in Q2
  • and H2 of 2.1% 
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