Morgan Stanley CEO Ted Pick stated that the era of easy money and zero interest rates is over, and that interest rates will be higher and more challenging globally. He also mentioned that geopolitics will play a significant role in future challenges. The Federal Reserve has already started raising its benchmark rate, signaling a shift away from the low rates implemented during the Covid-19 pandemic. While some predict more rate cuts in the future, CEOs from major financial institutions, including Goldman Sachs and Morgan Stanley, do not believe this will happen, citing concerns about inflation.
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