Morgan Stanley on the Federal Reserve – stick a fork in it

Though on Wednesday the FOMC couched their on-hold choice with a set of hawkish dots:

I am not seeing many of us that imagine the Federal Reserve shall be mountaineering once more. Morgan Stanley for instance:

• the Fed is completed right here
• We proceed to see a smooth touchdown
• We proceed to search for the Fed to carry the height price at 5.1% for an
  prolonged interval
• earlier than making the primary 25bp reduce in March 2024