Morgan Stanley and Deutsche Bank both raised their expectations for interest rate cuts: The Federal Reserve may cut rates three times in a row in September, October, and December
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Morgan Stanley and Deutsche Bank predict that the Federal Reserve will consecutively cut interest rates by 25 basis points in the meetings in September, October, and December, a significant upgrade from the previous expectation of rate cuts only in September and December. This adjustment is based on easing inflation pressures and signs of a slowing job market. The market generally expects the Federal Reserve to restart the easing cycle after December 2024, with Powell hinting that a rate cut may occur in the September meeting. Traders are betting on a 95% probability of a 25 basis point rate cut next week
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