大摩：预计美联储2025年降息2次 2026年降息4次

Core Viewpoint - Morgan Stanley predicts that the Federal Reserve will cut interest rates by 25 basis points in September and December, previously expecting no rate cuts until 2025 [1] Group 1 - The Federal Reserve is expected to lower rates in March, June, September, and December of 2026, with each cut being 25 basis points [1] - The final target range for interest rates is projected to be between 2.75% and 3.0% [1]