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UBS: The first rate-setting meeting under the Walsh era was hawkish, and expectations for rate hikes within the year may be overly aggressive.

MeNews
ME News message, July 1 (UTC+8). In its latest report, UBS said that the first meeting after U.S. Federal Reserve Chair Kevin Warsh took office released a clear hawkish signal, but market bets on rate hikes during the year may be overly aggressive. UBS expects the Federal Reserve to be more likely to keep the federal funds rate unchanged at 3.50% to 3.75% for the remainder of this year, and recommends that investors increase their allocations to high-quality short- and medium-duration bonds to lock in the current higher yields. (Source: ODAILY)
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