BlockBeats news, October 6: Julius Baer, a leading Swiss pure-play private banking and wealth management group, expects the Fed to deliver its final 25-basis-point rate hike in December, followed by an extended pause.
The bank noted that the U.S. labor market is cooling and financial conditions have tightened significantly, driven mainly by rising long-term Treasury yields and a stronger dollar rather than higher short-term interest rates. December is now seen as the most likely window for the final rate hike.
The bank noted that the U.S. labor market is cooling and financial conditions have tightened significantly, driven mainly by rising long-term Treasury yields and a stronger dollar rather than higher short-term interest rates. December is now seen as the most likely window for the final rate hike.