ICYMI – Morgan Stanley CEO Gorman said Fed rate cuts won’t happen in 2023

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