Morgan Stanley Analyst: No Longer Expects Fed to Cut Rates in December, Currently Anticipates Three Rate Cuts in January, April, and June Next Year

BlockBeats News, November 20th, Morgan Stanley analyst Michael Gapen stated that strong employment has reduced the risk of rising unemployment rate, no longer expecting the Fed to cut interest rates in December. It is currently expected that there will be three rate cuts in January, April, and June next year, maintaining the final rate expectation at 3-3.25%. (FXStreet)