Odaily Planet Daily News: Morgan Stanley said in its 2025 Global Strategic Outlook: "Our economists expect the Fed to cut interest rates by 75 basis points in the first half of 2025." Relative to the market's implied path for the Fed's policy, Morgan Stanley Research economists predict a more moderate outlook. In addition, Morgan Stanley Research analysts said that the US 10-year Treasury yield is expected to fall to 3.75% by mid-2025 and be slightly above 3.50% by the end of next year. (Jinshi)