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Goldman and Morgan Stanley split on Fed rate rises

Economists at the US banks have differing opinions on what the central bank might do after an expected June rate hike

Goldman and Morgan Stanley split on Fed rate rises

Wall Street has coalesced around a June rate hike. After that, opinions remain divided on the Federal Reserve’s plan to tighten monetary policy, The Wall Street Journal reports.

Following Wednesday afternoon’s release of the Fed minutes, Goldman Sachs and Morgan Stanley offered two diverging paths the Fed could take to higher rates by year end.

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