Morgan Stanley: Powell may point out that even with rate cuts, policy will still be tightening

Odaily Planet News, Morgan Stanley predicts that the Fed will cut rates by 25 basis points at several consecutive meetings, and Fed Chairman Powell will explain the Fed’s medium-term strategy, particularly the continued anti-inflationary stance that allows the Fed to focus on maintaining economic expansion. Powell may point out that even after the rate cut, the policy will still be tightening. (Jinshi)