๐จ MORGAN STANLEY DELAYS FED CUTS ๐จ
๐ฆ Morgan Stanley just pushed back its Fed easing call โ and markets are adjusting fast.
๐ Old Call: Jan & Apr cuts
๐ New Call: June & September (25 bps each)
Why? โข Labor market still holding up
โข Disinflation = slower, stickier
โข Fed choosing patience over pressure
โณ Translation: โHigher for longerโฆ longer.โ