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Morgan Stanley analyst: No longer expects the Fed to cut interest rates in December, currently expects three rate cuts in January, April, and June next year.
On November 20, Morgan Stanley analyst Michael Gapen stated that strong employment has reduced the risk of a rise in the unemployment rate, and he no longer expects the Fed to cut interest rates in December. He currently expects three rate cuts in January, April, and June next year, keeping the final interest rate expectation at 3-3.25%. ( Jin10 )