Morgan Stanley, Deutsche Bank expect three US interest rate cuts this year

By Joel Jose and Akriti Shah (Reuters) - Morgan Stanley and Deutsche Bank expect the U.S. Federal Reserve to deliver interest rate cuts at all its three meetings this year, following data this week showing more modest inflation pressures. The two brokerages in separate notes said on Friday they now expect the Fed to cut rates by 25 basis points at each of its remaining meetings in September, October and December. The firms previously forecast one 25-basis-point cut each in September and December. The F ...