MORGAN STANLEY: FED HOLDS RATES THROUGH 2026 Morgan Stanley expects the Federal Reserve to keep interest rates unchanged through 2026, with two cuts now seen in March and June 2027 (later than its previous forecast). The bank cites easing inflation and moderating tariff pressures, and still projects solid U.S. growth of 2.3% in 2026 despite some short-term consumer weakness.(*Walter Bloomberg)