Fed Rate Cut Hopes Dim as Mortgage Rates Climb and U.S. Stocks Dip

Key TakeawaysMorgan Stanley has revised its outlook, now no longer expecting the U.S. Federal Reserve to cut interest rates in December following recent jobs data.The average U.S. 30-year fixed-rate mortgage climbed to 6.26% for the week ending November 20, up from 6.24% the prior week, according to Freddie Mac.U.S. stock markets turned negative, with the S&P 500 (^GSPC) down 0.3%, the Nasdaq (^IXIC) down 0.5%, and the Dow (^DJI) down 0.2%.Nvidia (NVDA) shares also turned negative, experiencing a 1% decline ...