Morgan Stanley drops December Fed rate cut forecast after jobs data
NeutralFinancial Markets
- Morgan Stanley has dropped its forecast for a December Federal Reserve interest rate cut after strong jobs data indicated a resilient labor market. This revision comes as the firm reassesses its previous expectations based on the latest employment figures.
- The adjustment in Morgan Stanley's forecast is significant as it reflects broader market sentiments and influences investor confidence regarding future monetary policy decisions by the Fed.
- The recent jobs data has led to a divided opinion on Wall Street about the likelihood of a rate cut, with some analysts expressing concerns over inflation risks and the potential impact on financial stability.
— via World Pulse Now AI Editorial System




