The brokerage had earlier expected two 25-basis point interest rate cuts in September and December this year
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Morgan Stanley expects the U.S. Federal Reserve to leave interest rates unchanged in 2026, citing still-elevated inflation and recent data pointing to economic resilience, it said in a note dated Wednesday. The brokerage had earlier expected two 25-basis point interest rate cuts in September and December this year. (Reporting by Kanishka Ajmera; Editing by Sonia Cheema)
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