Morgan Stanley reiterate their call that the FOMC will wait until June 2024 to cut

<p>This from about two weeks ago:</p><ul><li><a href="https://www.forexlive.com/centralbank/morgan-stanley-predict-the-federal-reserve-may-not-cut-interest-rates-until-june-20231220/" target="_blank" rel="follow" data-article-link="true">Morgan Stanley predict the Federal Reserve may not cut interest rates until June</a></li></ul><p>A new year note from MS reiterates the call:</p><ul><li>Investors expecting a rate cut in March may be disappointed.</li><li>
Six-month core consumer price inflation is likely to increase in the first quarter, prompting the Fed to watch and wait.
</li><li>Unless there is an unexpectedly sharp economic downturn or weakening in the labor market, rate cuts are more likely to begin in June.</li></ul>

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