Morgan Stanley on Fed pause: "a lot of money sitting around waiting to be put to work"<p>ICYMI - Morgan Stanley CEO James Gorman spoke on an earnings call Tuesday.</p><ul><li>"I'm highly confident that when the Fed pauses, deal activity and underwriting activity will go up. I would bet the year on that, in fact," </li><li>"We're not of the view that we're heading into a dark period. Whatever negativity in the world is out there. That's not our house view."</li><li>said the Fed's next move will likely be a 0.25 percentage point rate hike, followed by a pause. </li><li>said he is not sure if the Fed will cut rates this year</li><li>"I'm a little more confident about the medium-term outlook for the markets"</li></ul><p>The benchmark S&P500 has found support from lower inflation figures out of the US and the prospects for a Fed pause and maybe even cut:</p>
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Morgan Stanley on Fed pause: "a lot of money sitting around waiting to be put to work" (https://www.forexlive.com/centralbank/morgan-stanley-on-fed-pause-a-lot-of-money-sitting-around-waiting-to-be-put-to-work-20230117/https://www.forexlive.com/centralbank/morgan-stanley-on-fed-pause-a-lot-of-money-sitting-around-waiting-to-be-put-to-work-20230117/)
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