$BTC Wall Street has once again turned sharply hawkish on expectations for the Federal Reserve!
UBS has directly changed its call to two rate hikes.
25 basis points each in September and December!
Previously, they had expected no change for the whole year.
Rate trading is once again putting pressure on risk assets!
UBS Global Wealth Management has recently revised its Fed path forecast, expecting 25 basis-point hikes in September and December 2026, for a total tightening of 50 basis points for the year, completely overturning its previous view that rates would remain unchanged this year. After U.S. nonfarm payrolls added 162,000 jobs last week, far exceeding expectations, market pricing for a September rate hike has also risen noticeably.
This line is very direct for Crypto: if expectations for rate hikes continue to be revised up, U.S. Treasury yields and the dollar are likely to remain strong, and high-beta assets like BTC and tech stocks will continue to face macro headwinds. Next, CPI, PCE, and the Fed's remarks will determine whether these two hikes can really be fully priced in by the market.
From "no move for the whole year" to "two consecutive hikes," that shift in expectations is already huge.
As long as inflation stays sticky, this hawkish fire from the Fed may very well keep burning hard!
Click the card below and get started directly! 👇
$ETH $SOL
UBS has directly changed its call to two rate hikes.
25 basis points each in September and December!
Previously, they had expected no change for the whole year.
Rate trading is once again putting pressure on risk assets!
UBS Global Wealth Management has recently revised its Fed path forecast, expecting 25 basis-point hikes in September and December 2026, for a total tightening of 50 basis points for the year, completely overturning its previous view that rates would remain unchanged this year. After U.S. nonfarm payrolls added 162,000 jobs last week, far exceeding expectations, market pricing for a September rate hike has also risen noticeably.
This line is very direct for Crypto: if expectations for rate hikes continue to be revised up, U.S. Treasury yields and the dollar are likely to remain strong, and high-beta assets like BTC and tech stocks will continue to face macro headwinds. Next, CPI, PCE, and the Fed's remarks will determine whether these two hikes can really be fully priced in by the market.
From "no move for the whole year" to "two consecutive hikes," that shift in expectations is already huge.
As long as inflation stays sticky, this hawkish fire from the Fed may very well keep burning hard!
Click the card below and get started directly! 👇
$ETH $SOL
