Their previous call was for a rate cut in September and then one more in December. But after the slew of data in the past week, Morgan Stanley is now expecting the Fed to cut in September, October, and December. It goes to show how these “calls” and “forecasts” can change up so easily, which matches up with how we should be as traders too. So, don’t get too fixated when trying to build convictions based on analyst notes
Morgan Stanley now expects the Fed to cut in all three meetings to wrap up the year
