[Morgan Stanley Analyst: No longer expecting the Fed to cut rates in December, now forecasting three rate cuts in January, April, and June next year] BlockBeats news, November 20, Morgan Stanley analyst Michael Gapen stated that strong employment has reduced the risk of rising unemployment. He no longer expects the Federal Reserve to cut rates in December and now forecasts three rate cuts in January, April, and June next year, maintaining the terminal rate expectation at 3-3.25%. (Jin10)