UBS maintains its base case that the Federal Reserve will stay on hold as underlying inflation data moderates in the coming months.
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Federal Reserve Chair Kevin Warsh delivered a more hawkish message on US inflation at the Jackson Hole Symposium, prompting markets to raise the implied probability of a…
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UBS
Helping you answer some of life's most important questions
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- Financial Services
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- Zurich, CH
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- 10,001+ employees
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From gaining new experiences in different roles to acquiring fresh knowledge and skills – at UBS we believe that you should never stop growing and learning because life never stops teaching. We know that it's our people – with their unique backgrounds, skills, experience levels and interests – who drive our ongoing success. Ready to be part of #teamUBS and make an impact? Find out more at ubs.com/careers. UBS works with individuals, families, institutions, and corporations around the world to help answer some of life's questions – whether through award winning wealth management advisory, investment banking and asset management expertise, or private and corporate banking services in Switzerland*. In June 2023, Credit Suisse became a UBS Group company. With our large and diverse team operating internationally, we have a presence in all major financial centers in more than 50 countries. Although we all come from different backgrounds and specializations, two things unite us: the conviction that we’re stronger together, and the will and curiosity to constantly innovate. That’s the key to us unlocking our full potential (and what we look for in everyone who joins us). It’s also why we’re regularly recognized as an attractive employer.* * Our awards https://www.ubs.com/awards Social Media Legal Terms: http://www.ubs.com/social-legal
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Research & Knowledge
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Research & Knowledge
Barclays Investment Bank
Barclays Investment Bank Research team noted that Chairman Fed Chairman Kevin Warsh's speech at Jackson Hole hawkish, making a 25bp September hike most likely, followed by another in December.
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Syz Group
Syz Group published a Focus note by Chief Economist Reto Cueni PhD analyzing Kevin Warsh's Jackson Hole speech and the implications for the Fed's next move and inflation data for September.
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Whitfield Wealth Management
Whitfield Wealth Management reported that Fed chair Kevin Warsh flagged persistent inflation at Jackson Hole and rate-hike odds for September have nearly doubled.
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Spartan Capital Securities, LLC
Spartan Capital Securities, LLC chief market economist Peter Cardillo predicted that yields on 10-year US Treasury bonds could head toward 5%, with the Federal Reserve holding interest rates steady in September before waiting for inflation and energy data.
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