✉news BusinessBanking first seen 3 d ago, last 2 d ago, peak #22
UBS now expects Fed rate hike in March after inflation surprise
Original: UBS extends Fed tightening cycle forecast with March rate hike after inflation surprise
UBS has revised its forecast for US monetary policy, extending the Federal Reserve's tightening cycle and now predicting a rate hike in March. The Swiss bank made the call after a surprise in inflation data suggested price pressures are persisting longer than expected. The move signals that major banks see the Fed keeping policy restrictive for longer.
Why now: A hotter-than-expected inflation reading prompted UBS to change its Fed rate outlook, a signal markets watch closely.
Evidence
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