The Fed may be ‘patient’ in cutting rates, says portfolio manager at Morgan Stanley

The Fed may be ‘patient’ in cutting rates, says portfolio manager at Morgan Stanley

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The U.S. stock market is facing a tougher climb in 2024, even as investors expect that the Federal Reserve will cut interest rates this year, according to Morgan Stanley’s Andrew Slimmon. Ahead of the Fed’s rate-setting policy meeting this week, Slimmon, who is senior portfolio manager for U.S.…

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