According to ChainCatcher, UBS stated that the Fed's next rate move will be guided by economic data. Although major global markets have reacted negatively to changes in the Fed's rate cut cycle next year, the Fed will continue to monitor economic conditions and various data before taking any action.
UBS stated: 'We believe the Federal Reserve still relies on data, and future economic indicators will continue to play a crucial role in determining the Fed's next steps.' The Fed's preferred measure of inflation, the PCE inflation, and other key indicators will play a critical role in shaping central bank policy, with data set to be released this Friday. However, UBS expects inflation to slow in the coming months, which may affect the Fed's policy outlook. Furthermore, employment data will remain an important factor as the Fed assesses the strength of the labor market and the overall resilience of the economy. (Jinshi)