Morgan Stanley: Oil price shock may delay the Fed's rate cut timing

According to Jinshi News, Morgan Stanley stated that the Federal Reserve may resume interest rate cuts as early as June, but the oil price shock caused by the Iran war could delay the Fed's actions. Although rising energy prices may exacerbate inflation, the bank's economists still maintain their prediction that the Fed will cut rates twice this year, in June and September, by 25 basis points each time. However, they believe that the Fed's first rate cut may be delayed until September or even December.