Morgan Stanley imagines scenarios in which the path of Fed Funds is even more dovish than currently projected The Fed may cut rates even more sharply than the market currently assumes. That's the opinion of Morgan Stanley's interest rate strategy team after their economists updated their projected scenarios between now and the end of next year. Their baseline forecasts currently predict a 25 basis point rate cut at this month's meeting and similar decrements at every other meeting through December 2026. But, assessing alternative scenarios for the U.S. economy, Morgan Stanley believes the balance of their ... (full story)