Fed Chair Jerome Powell Is Not 'In A Rush To Raise Rates Again,' Says Morgan Stanley: FOMC Meeting Preview
Portfolio Pulse from surbhi@benzinga.com
Morgan Stanley (NYSE:MS) released a research note predicting the outcomes of the upcoming FOMC meeting and press conference. The bank expects the FOMC statement to acknowledge economic expansion and labor market strength, and to highlight the Israel-Hamas conflict's implications for the U.S. economy. Morgan Stanley also anticipates a softer guidance from September and no change in the Fed's balance sheet normalization plans. The bank does not foresee the U.S. economy entering a recession before H1 2025.
October 25, 2023 | 1:50 pm
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Morgan Stanley's research note on the upcoming FOMC meeting and press conference could influence investor sentiment towards the bank. The bank's positive outlook on the U.S. economy and its prediction of no recession before H1 2025 could be seen as a positive signal.
Morgan Stanley's research note could influence investor sentiment as it provides insights into the bank's views on the U.S. economy and the upcoming FOMC meeting. The bank's positive outlook on the U.S. economy and its prediction of no recession before H1 2025 could be seen as a positive signal by investors, potentially leading to a short-term increase in the bank's stock price.
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