Morgan Stanley analyst: No longer expects the Federal Reserve to cut rates in December, three rate cuts are expected next year

According to Jinshi reports, Morgan Stanley analyst Michael Gapen stated that strong employment has reduced the risk of rising unemployment, and the Federal Reserve is no longer expected to cut interest rates in December. It is currently anticipated that there will be three rate cuts in January, April, and June next year, keeping the final interest rate expectation at 3-3.25%.