Morgan Stanley: No clear guidance expected at this Fed meeting

Morgan Stanley says strong economic growth, but inflation getting closer to its target, pushed the Fed to cut rates by 25 basis points. At the press conference, Powell will acknowledge the strength of GDP growth and employment in the third quarter of 2024 and will not emphasise the slowdown as he did at the last meeting .... Powell is not expected to give specific guidance on the size or pace of future rate cuts. Watch what the statement says about job growth. Fed Governor Bowman is expected to support no rate cuts.