Morgan Stanley: Watch For "Excitement" At June FOMC Meeting, But No Rate Hike

With the average expected months to a Fed rate hike, as measured by the MSMIKE index on Bloomberg now standing at 5.62, its lowest point since April of 2010, Morgan Stanley says don’t expect a rate hike in June but watch for “excitement” to accompany the June 16-17 meeting of the Federal Open Market Committee.

Morgan Stanley: FOMC likely to note an economy that started the year weak and has failed to entirely take off

The topic of such excitement could come in the form of one of the research opinions that was put out regarding economic growth. Morgan Stanley analysts Ellen Zentner, Ted Wiesman, Paula Campbell...