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Morgan Stanley CEO Sees Fed Raising Rates in Early 2022, Not 2023

US
  • Morgan Stanley CEO James Gorman said he expects the Fed to begin tapering bond buying toward the end of 2021, and begin raising rates in early 2022.
  • "My personal view is rates are likely to rise in the early part of next year, and not in 2023 which is currently the projection"
  • the Fed is very cautious and doesn't think there will be long-term inflation pressure
  • Said he is also very confident about the U.S. economy and its recovery.
  • Consumer and corporate balance sheets are strong
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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