Morgan Stanley says the end is near - forecast one more FOMC rate hike. May and done.
<p>Morgan Stanley say they expect the final Federal Open Market Committee (FOMC) rate hike of this cycle at the Mayt meeting. </p><ul><li>driven by another strong payroll print and sticky inflation</li><li>Needless to say, a surge in bank funding pressures could alter that view</li></ul><p>---</p><p>The latest Fed balance sheet highlights are here, not indicating a surge in funding pressure as yet:</p><ul><li><a href="https://ift.tt/0Cv9HxG" target="_blank" rel="follow" data-article-link="true">Fed discount window loans fall in the week, term funding & FDIC bridge loans rose</a></li></ul><p>---</p><p>Fed Funds:</p> This article was written by Eamonn Sheridan at www.forexlive.com.
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