Morgan Stanley: Fed Hold Won't End Rate Hikes
Current overview (not historical)
Morgan Stanley Chief US Economist Michael Gapen argues that a Federal Reserve pause does not signal the end of rate hikes, as markets have priced in a hold and favor a December hike. Gapen notes officials need time to assess potential trends, with three Fed dissenters in July and an expected two voting for a hike in October. Despite significant pressure from rising energy costs, he believes the economy can absorb 75-100 basis points of total tightening, warning that six to seven hikes would return rates to 2023 levels.
Written with AI from the reporting · updated 10/28/2026
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- 1Unclassified fact stationOct 28, 10:44single sourcereport-time only
Morgan Stanley称美联储暂停不代表结束加息
Read original source ↗ BeInCryptoReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- federal-reserve
- Action：
- 暂停加息
- Object：
- 维持利率不变
- Occurred (fact side)：
- not recorded
- Published (valid side)：
- Oct 28, 10:16
- First seen (known side)：
- Oct 28, 10:44
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- BeInCryptoRelated fact: single sourceFact occurrence time unverifiedMorgan Stanley: Fed's Hold Won't End Rate Hikes, Markets Eye December Move
Report first recorded Oct 28, 10:44
Morgan Stanley Chief US Economist Michael Gapen says the Federal Reserve is likely to hold rates on Wednesday but will signal that further hikes are ahead. Markets have priced in a pause and lean toward a December hike. Gapen notes that dissenting votes will be a key clue, expecting two officials to dissent on Wednesday. He argues the economy can absorb 75 to 100 basis points of total hikes, but six or seven total hikes would return rates to 2023 levels. Energy market pressures from the Middle East conflict could influence the Fed's pace.
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