Group 1 - Economists at Morgan Stanley and Deutsche Bank are predicting accelerated Federal Reserve interest-rate cuts due to slowing inflation and a weakening labor market [1][3] - The Fed is expected to announce a 25 basis-point cut at its upcoming meeting, with traders anticipating further reductions in October and December [1][2] - Deutsche Bank has revised its forecast to include a third interest-rate cut in 2025, while Morgan Stanley expects cuts at four consecutive meetings through January [1][4] Group 2 - Morgan Stanley forecasts that the upper bound of the target range will reach 3.5% by January, with cuts expected in September, October, December, and January [2][5] - Economists suggest that the Fed will pause after January to assess inflationary impacts, with potential further cuts anticipated in April and July [4][5] - The argument against a larger 50 basis-point cut this month is based on the relatively low unemployment rate and the current fed funds rate being closer to neutral [6]