Morgan Stanley Forecasts Two Fed Rate Hikes This Year
Morgan Stanley shifted to a hawkish stance by forecasting two Federal Reserve rate hikes this year and an additional European Central Bank increase. The bank cited persistent inflation and strong economic demand driving the need for tighter monetary policy.
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MORGAN STANLEY forecast two interest rate hikes by the United States Federal Reserve this year, joining Wall Street peers in a shift to a more hawkish stance. The brokerage cited persistent inflationary pressures, strong demand tied to artificial intelligence investments, and rising energy costs. The revision arrives as global markets brace for key central bank decisions amid oil trading above $100 a barrel.
