Morgan Stanley say Federal Reserve rate cuts may not begin until September

  • Federal Open Market Committee (FOMC) outlook

Morgan Stanley note says rate cuts from the Federal Open Market Committee (FOMC) may not begin until September 2025

  • with more to follow in 2026
  • Morgan Stanley forecast 10 year yield dropping to 3.45% ... by the middle of 2026!

Bit more to add, I'll post separately.

fed dates 2025 07 October 2024 2

FOMC data for this year.

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