FACTBOX-Major brokerages boost bets on December Fed rate cut ahead of policy meeting

Dec 8 (Reuters) - Morgan Stanley, Standard Chartered and Nomura became the latest brokerages to forecast an interest rate cut by the U.S. Federal Reserve in December, as dovish signals from key voting members and weakness in the labor market ramped up hopes of lower borrowing costs.

The brokerages joined global peers such as J.P.Morgan and Goldman Sachs who expect a quarter-point reduction at the Federal Open Market Committee meet for their last policy meeting of the year on December 9 and 10.

Traders are pricing in an 89.4% chance of a 25-basis-point interest rate cut in December, according to CME Group's FedWatch Tool.

Here are the forecasts from major brokerages for December policy meeting:

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