Experts at Morgan Stanley expect the Federal Reserve to be more cautious about the further tempo of interest rate increase amid worsening trade conflicts and the volatility of financial markets. They believe that the rhetoric of the Fed will depend on the rate of economic growth. The American bank also noted that rising borrowing costs affected the US economy, which had an impact on such industries as the automotive sector and the real estate market. Morgan Stanley experts predict that in 2019 the Fed will raise rates only 2 times.
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