ICYMI – Morgan Stanley CEO Gorman said Fed rate cuts won't happen in 2023

<p>Morgan Stanley CEO Gorman spoke on Tuesday, in brief:</p><ul><li>
it's hard to argue for more rate increases</li><li>rate cuts wont
happen this year</li><li>says a recession is
less likely</li></ul><p>Rate cut this year? Agree, nope, not gonna happen. </p><p>-</p><p>Anyway, more immediately, the Federal Open Market Committee (FOMC) meet next week, a rate hike is expected. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.