A closer look at “Morgan Stanley Joins Goldman Sachs in U-turn to Forecast Fed Rate Hike Amid Inflation Fear”, exactly as the source publishes it. In a significant shift just before the Federal Open Market Committee (FOMC) meeting, Morgan Stanley has joined Goldman Sachs in reversing its previous stan... In a significant shift just before the Federal Open Market Committee (FOMC) meeting, Morgan Stanley has joined Goldman Sachs in reversing its previous stance, now forecasting a rate hike by the U.S. The move comes after mounting evidence of persistent inflation pressures, with core PCE prices rising 2.8% year-over-year and job growth remaining robust, according to recent data from the Bureau of Labor Statistics.
Both firms cited stronger-than-expected wage growth and elevated services inflation as key drivers behind their change in outlook. This marks the first time since June 2023 that both major Wall Street banks have aligned on an anticipated rate increase, signaling growing consensus among financial institutions. This listing links straight to the original page, where the content is available in full.