Main points from UBS on their outlook for the US Federal Reserve:
policy pivot on the horizon, UBS base case is a September 25bp rate cut
Citing:
UBS expect the US continues to head toward a soft economic landingeconomy has entered a period of below-trend growth, growth has slowed to a modest pacesteadily rising unemployment rate is also consistent with below-trend growthsee little evidence of an imminent hard landingbroad disinflation is in place
FOMC meet on the 30th and 31st:
statement due at 1400 US Eastern time (1800 GMT) Federal Reserve Chair Powell’s press conference follows a half hour later
This article was written by Eamonn Sheridan at www.forexlive.com.
