Economics
Morgan Stanley CEO Sees Fed Hiking Before His Economists Predict
- Gorman predicts Fed to taper this year, hike rates in 2022
- Morgan Stanley economists see taper in April, hike in 2023
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Morgan Stanley Chief Executive Officer James Gorman said he expects the U.S. Federal Reserve to begin tapering its bond buying toward the end of this year and start raising interest rates in early 2022, faster than the Wall Street bank’s own economists forecast.