CNBC interview: Morgan Stanley’s Gapen on the Fed holding rates steady this week and a hawkish pause
Morgan Stanley chief US economist Michael Gapen speaks with CNBC’s Closing Bell Overtime: He agrees with market expectations that the Fed will hold rates steady this week, but says it will be a “hawkish pause” — the statement should convey that there is no rate hike today, but rates still need to move higher in the future.
CNBC Television ·