All eyes are on the FOMC this week as Wall Street anticipates that the long-awaited first interest rate hike will likely finally come this week. Of course, nothing is certain until Janet Yellen makes it official, but Morgan Stanley is among the crowd that believes the Fed will announce a 0.25 percent rate hike this week.

Uncertainty Remains

According to analyst Ellen Zentner, the biggest mystery is not be when the Fed will begin raising rates or by how much, it is the pace of the rate hikes over time.

“We expect the Fed to strengthen its message of gradualism and reconstruct the statement to ring in a change in policy,” Zentner added.

What To Expect

Morgan Stanley predicts…

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