fxs_header_sponsor_anchor

News

Fed to deliver a 25bp hike and communicate a conditional pause – Morgan Stanley

After conveying the likely peak of interest rates at the major central banks during early Week, Morgan Stanley (MS) provided detailed expectations for the next week’s Federal Open Market Committee (FOMC) monetary policy meeting.

MS said they expect the Fed to deliver a 25 basis points (bps) hike and communicate a conditional pause.

The research also states that their rates strategists see scope for markets to extract a dovish message from the Fed at the upcoming FOMC meeting. That said, the MS highlights news about recent banking system stress as a challenge for the US central bank hawks.

It’s worth noting that the MS anticipates softer second quarter (Q2) US Gross Domestic Product (GDP) data while expecting -0.4% figures for the Q2 2023 GDP.

Also read: Fed rates are unlikely to go anywhere near zero, even if US economy tips into recession – Morgan Stanley

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.