Reported 2 days ago
Morgan Stanley has updated its economic outlook, predicting a mid-year recession and delaying further Federal Reserve interest rate cuts until 2026 due to ongoing concerns about inflation and a weakening job market. Despite recent gains in the stock market, fears persist as economic indicators show slowing growth and rising unemployment. The investment firm anticipates GDP growth of just 1% for 2025 and 2026, with inflation expected to remain above the Fed's target, complicating monetary policy decisions.
Source: YAHOO