Is October's rate hike priced in excessively? UBS Group: Downward revision to core PCE combined with base effects makes consecutive Fed rate hikes unlikely
Why now
Thesis: Hawkish rate-hike bets may be overpriced
Catalyst to watch: Core PCE print and Fed commentary
Main risk: Sticky inflation could validate hike bets
Why it matters
UBS argues core PCE revisions and base effects make consecutive hikes unlikely, challenging hawkish pricing.
Sources
- googlenews · news.google.com · 2026-09-25 08:59 UTC