Morgan Stanley: Fed Chairman Powell may point out that policy will remain tight even if interest rates are cut

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ODAILY
08-19
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Odaily Odaily News Morgan Stanley expects the Fed to cut interest rates by 25 basis points in several consecutive meetings, and Fed Chairman Powell will elaborate on the Fed's medium-term strategy, especially that continued anti-inflation means the Fed can focus on maintaining economic expansion. Powell may point out that even after the rate cut, policy will still be tight. (Jinshi)

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