Woofun AI reports that Morgan Stanley strategists stated in a recent analysis that the Federal Reserve is expected to keep interest rates unchanged during its July meeting. The firm projects that rates may remain on hold for the remainder of the year, contingent on inflation continuing to decline as anticipated. While money markets currently price in nearly two rate hikes before year-end, Morgan Stanley argues that slowing inflation could lead the central bank to maintain the federal funds rate within the 3.5% to 3.75% range instead.