Economics
Morgan Stanley Says Forget September as JPMorgan Tips Weak Jobs
- ‘We found little at Jackson Hole to sway our view’: Hornbach
- Morgan Stanley recommends five-year Treasuries despite losses
Fed's Fischer: I Don’t Think You Can Say 'One and Done'
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Treasury bull Morgan Stanley predicts the Federal Reserve will forgo raising interest rates next month, and policy makers said nothing in Jackson Hole, Wyoming, to change its mind.
Treasuries pared a decline Tuesday after Vice Chairman Stanley Fischer failed to reinforce a market interpretation of his recent comments that a rate increase in September can’t be ruled out. Morgan Stanley is recommending investors continue to buy five-year U.S. sovereign debt, even as the securities head for their worst month since October.