EUR/GBP extends breakout above multi-month range – Société Générale

The post Critical Fed Interest Rate Decision to Be Announced Tomorrow: Morgan Stanley Announces Its Outlook for October and Beyond! Stands Out from the Others! appeared com. The US Federal Reserve (Fed) will announce its critical October interest rate decision tomorrow. As the world awaits the Fed’s decision, markets are pricing in a 25 basis point rate cut at 97. 8%. Ahead of the Fed meeting, which is eagerly awaited by global markets, including crypto markets, Morgan Stanley announced that it expects the Fed to lower its policy rate by 25 basis points to the 3. 75-4. 00 percent range this week, in line with general market expectations. A report prepared by Morgan Stanley economists stated that the failure to release key US economic data due to the government shutdown will not prevent the Fed from deciding to cut interest rates. Economists say the Fed will continue to signal the possibility of additional interest rate cuts by maintaining its “easing trend,” but the government shutdown will create uncertainty about the Fed’s decisions for December and next year. Therefore, Morgan Stanley stated that they expect Fed Chair Jerome Powell to maintain his “data-dependent” stance and that easing signals will continue. While Morgan Stanley is making a prediction on the uncertainty for the upcoming meetings and interest rate decision, financial institutions such as Bank of America (BofA), CIBC and RBC predict that the Fed will pause and take a break from interest rate cuts at its next meeting following this week’s October interest rate cut. *This is not investment advice. account now for exclusive news, analytics and on-chain data! Source:.