According to ChainCatcher, UBS stated that the Fed's next interest rate move will be guided by economic data. Although major global markets reacted negatively to changes in the Fed's expected rate-cutting cycle next year, the Fed will continue to monitor economic conditions and various data before taking any action.
UBS stated: “We believe that the Federal Reserve remains data-dependent, and future economic indicators will continue to play a crucial role in determining the Fed's next steps.” The Fed's preferred inflation measure, 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 impact the Fed's policy outlook. Additionally, 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)