Morgan Stanley has shifted to a more hawkish stance, forecasting two upcoming Federal Reserve rate hikes and a move by the European Central Bank.
The forecast is based on institutional rate expectations and analyst notes rather than an executed central bank decision. The note signals potential shifts in institutional rate expectations ahead of upcoming policy decisions by the US Federal Reserve and the Bank of Japan, with potential spillover into European and global markets.
The note was reported on Sept. 15, 2026.
