Morgan Stanley (MS.N) analysts said on Monday that they now expect the U.S. Federal Reserve to cut rates in September and then again in October. “Trade’s ‘simmer’ has begun to boil, business sentiment and capex (capital expenditures) have softened further, global growth remains weak and inflation expectations have fallen,” while the gap between 3-month US3MT=RR and 10-year U.S. government bonds US10YT=RR points to overly restrictive monetary policy, the investment bank’s analysts said in a note. The analysts previously predicted a cut in October alone, saying the central bank would “wait for further evidence that ... (full story)