Morgan Stanley CEO Gorman spoke on Tuesday, in brief:
- it’s hard to argue for more rate increases
- rate cuts wont
happen this year - says a recession is
less likely
Rate cut this year? Agree, nope, not gonna happen.
–
Anyway, more immediately, the Federal Open Market Committee (FOMC) meet next week, a rate hike is expected.
This article was written by Eamonn Sheridan at www.forexlive.com. Source