UBS says Fed December meeting minutes are fuelling confirmation bias ...Middle East

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UBS says Fed December meeting minutes are fuelling confirmation bias
UBS is suggesting market participants are reading the minutes of the Federal Open Market Committee (FOMC) December meeting through a lens of their pre-existing views. I am not surprised by this at all. I struggling not to do so myself. UBS:The minutes confirm whatever you wanted to think about the direction of US interest rates before the release.UBS are forecasting three cuts from the Fed this year, saying the minutes: are consistent with three rate cutsAs to timing:starting later than March---Earlier (not UBS):DoubleLine Capital’s Jeffrey Sherman says a March FOMC rate cut is "a little optimistic"---Also from earlier:Pic via FedWatch This article was written by Eamonn Sher

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