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Forget 2015: Morgan Stanley is now convinced rate hikes won't happen this year
Before Wednesday, most economists were debating whether the Federal Reserve would begin hiking interest rates in June or September. But following the conclusion of its Federal Open Market Committee meeting, the Fed communicated enough concern for the economy that economists now think rates hike are more likely to come later. Some economists were left feeling more emboldened about the calls for a later hike. "Our forecast remains for a September hike, but the risks now appear slightly skewed toward a later liftoff," Goldman Sachs' Jan Hatius said. Morgan Stanley's Ellen Zenter goes much further. Based on her reading of ... (full story)
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