UBS postpones the expectation of the Federal Reserve's interest rate cut to 2027, anticipating a hawkish tone at this week's meeting

According to Jinshi reports, UBS Global Wealth Management has postponed its expectations for the Federal Reserve's interest rate cuts to March and June 2027, and no longer expects any rate cuts this year. The institution stated that this move reflects its judgment that this week's meeting will release hawkish signals. UBS expects the Federal Reserve to cut rates by 25 basis points in March and June next year. The Federal Reserve will announce its interest rate decision this week, and the market generally expects rates to remain unchanged. UBS analysts indicated that the tone of this meeting will be more hawkish, and major central banks will not shift to dovish policies due to the agreement between the U.S. and Iran.