Morgan Stanley re-forecasted that the Fed will cut interest rates in December.

Economists at Morgan Stanley stated in a report that based on policymakers' statements and the "almost certain market pricing and historical willingness of the Federal Reserve to avoid surprising the market," they are now predicting that the Federal Reserve will cut interest rates next week. Economists are returning to their previous forecast, which includes rate cuts of 25 basis points in December, January, and April, bringing the federal funds target rate range down to 3%-3.25%.