Morgan Stanley has retained its forecast for the Federal Reserve to hold interest rates through year-end, but warned that a drop in unemployment below 4% or persistently elevated inflation could force a rethink in favor of rate hikes. In a note to clients, analyst Michael Gapen said incoming data since the June FOMC meeting has Read More
The balance of risks in Federal Reserve interest rate policy seems to be shifting towards an emphasis on “firmer inflation rather than weaker hiring,” as noted by analysts. In a note on Friday, the strategists including Michael Gapen and Sam Coffin indicated that any sustained disinflation in the future hinges on the resolution of the Read More
Dow Futures show a slight increase, as attention turns to a series of technology earnings reports and an impending monetary policy announcement from the U.S. central bank. The Federal Reserve maintains its current interest rates, emphasizing the robustness of the U.S. economy, while also revealing intentions to sustain significant investment in their artificial intelligence initiatives. Read More
