大摩预测美联储降息步伐将加快，9月至明年1月实现“四连降“

Group 1 - Morgan Stanley economists predict that the Federal Reserve will implement interest rate cuts in the next four meetings before January, driven by persistent inflation decline and a weakening labor market [1] - The market anticipates a 25 basis point rate cut in the upcoming meeting, with further cuts expected in October and December [1] - Morgan Stanley forecasts that the target interest rate upper limit will eventually reach 3.5% following cuts in September, October, December, and January [1] Group 2 - Economists at Morgan Stanley oppose a 50 basis point cut this month, citing the relatively low unemployment rate and the current federal funds rate being closer to neutral after a 100 basis point reduction last year [2]