Morgan Stanley’s US economics team on how to trade into the Federal Reserve meeting today
says Morgan Stanley.
“. Of course, the FOMC will aim to avoid an unnecessary
tightening of financial conditions via reactions in FX, equities and
credit. But we’d argue that the ‘dovish hike’ scenario is already well
priced, with the pace of tightening next year (MSP0KE Index) implying
2.5 hikes,” MS argues.
Enjoy …