Morgan Stanley – The BEAT, Sep 2025

The main theme of the report is the analysis of global markets and asset allocation.

The report covers bonds, equities, alternative investments, and transitional assets. Key findings include: the Fed's assessment of risks related to labor market conditions and inflation, and the possibility of rate cuts; opportunities to stimulate the economy through rate cuts and tax incentives; potential reduction in labor costs by shifting focus from the public to the private sector; expected reduction in company margin pressure through deregulation and tax incentives.