Morgan Stanley Wealth Management

Kevin Warsh, as Fed chairman, faced market backlash after indicating no immediate rate hikes, leading to a surge in bond yields and a sharp decline in equities. Traders priced in delayed rate increases and higher inflation risks, while Warsh emphasized relying on market signals over forward guidance.

Morgan Stanley Wealth Management and Galaxy Digital have partnered to allow eligible clients to lend cryptocurrency and other assets in exchange for crypto ETP shares. The collaboration enables in-kind spot crypto ETF conversions through this lending arrangement.