Morgan Stanley: The economy is growing strongly, but inflation is getting closer to the target, which leads the Federal Reserve to reduce the interest rate by 25 basis points. Chair Powell is expected to acknowledge the recent economic strength. Our strategists suggest maintaining a long position in the mortgage-backed securities (MBS) basis. The Federal Open … Continue reading FOMC Preview: November Meeting – Morgan Stanley, Trump Victory Means Fewer Fed Cuts: Nomura, Fed May Revise Assumptions in December If Republicans Gain Control of Both Congressional Chambers – Nick Timiraos