Morgan Stanley expects the Fed to cut interest rates by 25 basis points in consecutive meetings

According to Odaily Planet Daily, Morgan Stanley expects the Federal Reserve to cut interest rates by 25 basis points in several consecutive meetings.

Federal Reserve Chairman Jerome Powell will outline the Fed's medium-term strategy, particularly how continued disinflation means the Fed can focus on maintaining economic expansion.

Powell is likely to note that even after the rate cut, policy will remain tight.