Morgan Stanley expects US to further cut rate by 0.75%

Morgan Stanley expected that the USA would further cut rate by 0.75% to 3% and he also anticipated that the US stocks would continue to be weak. Moreover, the fund house estimated the global economy increase would be downgraded from 2.5% to 2.4%, while the economy growth in Asian area (except Japan) would be downgraded from 5.5% to 5% and the economy increase next year be downgrade from 6.5% to 6%.

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