Morgan Stanley on the Federal Reserve - stick a fork in it

Although on Wednesday the FOMC couched their on-hold decision with a set of hawkish dots:

• Forexlive Americas FX news wrap: Fed hits the pause button but dots signal hikes

I'm not seeing many folks that believe the Federal Reserve will be hiking again. Morgan Stanley for example:

• the Fed is done here
• We continue to see a soft landing
• We continue to look for the Fed to hold the peak rate at 5.1% for an extended period
• before making the first 25bp cut in March 2024