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Morgan Stanley analyst: No longer expects the Fed to cut rates in December, three rate cuts will occur next year.
According to ChainCatcher news, Jin10 reported that Morgan Stanley analyst Michael Gapen stated that strong employment has reduced the risk of rising unemployment rates, and the Fed is no longer expected to cut interest rates in December. Currently, three rate cuts are anticipated in January, April, and June of next year, keeping the final interest rate expectation at 3-3.25%.