Morgan Stanley: Federal Reserve focuses on labor market, will continue to cut interest rates in November
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Morgan Stanley Wealth Management's Chief Investment Officer Lisa Shalett stated that the Federal Reserve will continue to cut interest rates in November, but policymakers are cautious due to slowing inflation. She pointed out that the labor market conditions vary, and the Fed has abandoned the pursuit of a 2% inflation target. The market expects an 89% probability of a 25 basis point rate cut. Shalett recommends clients to invest in physical assets to cope with market volatility and favors market-neutral hedge fund strategies
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