Morgan Stanley rules out Fed interest rate increase till next year

Singapore

THE Federal Reserve will delay raising US interest rates until next year, a Morgan Stanley index shows.

Greece's struggle to stay in the euro currency union along with plunging prices for Chinese stocks and commodities globally are all threatening to slow global economic growth. The International Monetary Fund (IMF) on Tuesday reiterated its view that the Fed should wait until the first half of 2016 to act. The mix is driving a rally in Treasuries.