[Morgan Stanley: Oil Price Shock May Cause Fed to Delay Next Rate Cut] Jin10 Data reported on March 12 that Morgan Stanley stated the Federal Reserve might resume rate cuts as early as June. However, the oil price shock triggered by the Iran war could delay the Fed's actions. Although rising energy prices may exacerbate inflation, the bank's economists still maintain their previous forecast that the Fed will cut rates twice this year, in June and September, with each cut by 25 basis points. However, they believe there is a possibility that the Fed could delay the first rate cut to September or even December, which would mean the next rate cut might be postponed until 2027.