Morgan Stanley analysts said on Monday that they now expect the U.S. Federal Res...
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo
“Trade’s ‘simmer’ has begun to boil, business sentiment and capex have softened further, global growth remains weak and inflation expectations have fallen,” while the gap between 3-month US3MT=RR and 10-year U.S. government bonds US10YT=RR points to overly restrictive monetary policy, the investment bank’s analysts said in a note.
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