Witness Federal Reserve Board Chairman Jerome Powell’s address at a press conference following a Federal Open Market Committee meeting on November 01, 2023, at the Federal Reserve in Washington, DC. The interest rates have been maintained by the Federal Reserve at a range of 5.25 percent to 5.50 percent, marking the highest rates in over two decades.
Morgan Stanley anticipates an ideal half-point rate cut by the Fed that won’t raise concerns about economic growth.
CIO Mike Wilson highlighted that the bond market is behaving as if the Fed is lagging behind in its actions.
He recommended investing in defensive and high-quality stocks post-Wednesday’s rate cut.
The financial world awaits a crucial announcement regarding interest rate cuts on Wednesday from Wall Street, with uncertainty prevailing over how aggressive the Federal Reserve will be.
As per Monday morning data from CME FedWatch tool, there is a 59% probability priced into the market for a 50-basis-point cut. According to recent findings from Morgan Stanley, this would be…
2024-09-16 20:27:01
Link sourced from finance.yahoo.com