Morgan Stanley has reversed its stance on the Federal Reserve’s monetary policy, now expecting two rate cuts—one in September and another in December. The bank also foresees further reductions in 2026, ultimately bringing the Fed’s target range to 2.75% to 3.00%.

The Baltimore Orioles stand nine games behind the Wild Card race with a 60-70 record, facing steep odds this season. Yet even as the postseason seems unlikely, the team remains focused on welcoming back three injured players and planning for a stronger run in 2026.