Deep Tide TechFlow news: On July 24, Morgan Stanley strategists said in a report that recent data indicate the Federal Reserve will hold steady at its July meeting and may keep interest rates unchanged for the rest of this year. They wrote: “The Federal Reserve is running out of patience with inflation above target. The inflation trend in the coming months is crucial—we expect inflation to cool as anticipated—otherwise the Fed may turn to rate hikes later this year.” The money markets have already priced in expectations of nearly two rate hikes by year-end. However, easing inflation may prompt the Fed to keep rates unchanged this year, keeping the federal funds rate in the range of 3.50% to 3.75%. “We expect the inflation retreat trend to keep the Fed on hold this year.” (Jinshi)