According to CoinMeta, Morgan Stanley’s interest rate strategists stated in a report that after the Fed’s interest rate hike in September, they expect another hike in December and then in March next year. However, current market pricing indicates that the pace of interest rate hikes over the coming year is expected to be even more aggressive. The strategists pointed out that uncertainties regarding the Fed’s actions, economic growth, corporate bond issuance, and oil prices are driving up expectations for further tightening of monetary policy over the next 12 months. Nevertheless, Morgan Stanley believes that the actual degree of tightening by the Fed will not meet market expectations, as key factors affecting the Fed’s policy path will become clearer only later this year. According to data from the London Stock Exchange Group (LSEG), the money market currently expects the Fed to raise interest rates by a total of 100 basis points over the next 12 months.