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Morgan Stanley downgrades U.S. stocks: 'We see a bumpy September-October'

A trader works on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 20, 2021.
Andrew Kelly | Reuters

Morgan Stanley slashed its rating on U.S. equities, anticipating a rocky road into October as the Federal Reserve prepares to dial back easy monetary policy.

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