Market Volatility Did the Work of Four Fed Rate Hikes: Morgan Stanley

  • Financial conditions have tightened since Fed met in December
  • Federal Open Market Committee to next meet Jan. 26-27

Dalio, Cohn Urge Yellen to Tread Carefully

Volatility in financial markets since the Federal Reserve last month announced its first interest-rate increase in nearly a decade is having the same effect as four additional quarter-point hikes, according to Morgan Stanley.

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