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

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.

FOMC data for this year.

This article was written by Eamonn Sheridan at www.forexlive.com.

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