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Here’s Why Morgan Stanley Doesn’t Expect the Fed to Raise Rates Until 2018

June 5, 2023
in Trade Tube
Reading Time: 1 min read
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U.S. stocks rose on Monday, shrugging off this weekend’s coup attempt in Turkey, with the Dow Jones Industrial Average reaching a record high. Investors shifted focus to Bank of America’s better-than-expected second quarter earnings. Profit of $0.36 a share topped estimates of $0.33. Revenue fell 7.1 percent year-over-year to $20.4 billion, in line with estimates. Trading revenue rose 12 percent to $3.7 billion.

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