Morgan Stanley Expects Successive Rate Cuts Down To Absolute Zero. CNBC Reports

“Morgan Stanley anticipates successive cuts at the September and October FOMC meetings and an even steeper path ahead, with four more rate moves in 2020 taking the funds rate close to zero, or where it was during the financial crisis and stayed for seven years. Strategist Mark Cabana at BofAML also recently told CNBC that zero rates could come if trade tensions keeping rising”. Full Report

Mike Wilson, Morgan Stanley’s Chief Investment Officer, also said not to buy the dip near the bottom of the sell off last year, so we should be skeptical of any bold predictions such as this.

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