Fed's Hammack Says Rate Cuts Risk Prolonging High Inflation
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Morgan Stanley: 'We no longer expect the Fed lowers the fed funds rate in December'
November 20, 2025 10:49 AM ESTMorgan Stanley: 'We no longer expect the Fed lowers the fed funds rate in December'.
The analyst comments "The sharp and broad rebound in payrolls (+119k) suggests the summertime slowdown might have been exaggerated. Slack has risen (the unemployment rate up a further 0.1pt to 4.4%), but the strength... More
