Morgan Stanley now expects the Fed to cut in all three meetings to wrap up the year

Morgan Stanley now expects the Fed to cut in all three meetings to wrap up the year

• The firm pencils in an extra rate cut for October now

Their previous call was for a rate cut in September and then one more in December. But after the slew of data in the past week, Morgan Stanley is now expecting the Fed to cut in September, October, and December. And looking out to next year, they also see 25 bps rate cuts in each of the meetings in January, April, and July.