Morgan Stanley projects a significant 9% decline in the U.S. dollar by mid-2026, attributing this to anticipated Federal Reserve interest rate cuts totaling 175 basis points and a deceleration in economic growth.
Key Drivers of the Forecast 1. Federal Reserve Rate Cuts: Morgan Stanley anticipates the Federal Reserve will implement a series of rate reductions, totaling 175 basis points, bringing the federal…
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2 June 2025