Morgan Stanley joins Goldman in forecasting Fed rate hike — SkimNews
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- Morgan Stanley late Monday flipped its FOMC call from expecting rates unchanged to forecasting the U.S. central bank will hike interest rates.
- The switch mirrors Goldman Sachs' earlier 11th-hour reversal to forecasting a Fed rate hike, as cited in the headline.
Why it matters: Two of Wall Street's most influential rate forecasters independently reversed their FOMC calls within hours of each other, a concentrated late-stage consensus shift that tightens the market expectation baseline heading into the decision and increases pressure on the Fed to deliver clarity on its data triggers.
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