January 12, 2026 11:10 AM GMT Morgan Stanley Research Global Morgan Stanley Global Macro Forum Where Next for the Fed? January 12, 2026 Vishwanath Tirupattur – Chief Fixed Income Strategist | Strategist Michael Gapen – Chief US Economist Matthew Hornbach – Global Head of Macro Strategy | Strategist Jay Bacow – Co-Head of Securitized Products Strategy | Strategist MORGAN STANLEY & CO. LLC David Adams – Head of G10 FX Strategy | Strategist MORGAN STANLEY & CO. INTERNATIONAL PLC+ Morgan Stanley does and seeks ...