UBS Wealth Management pushes back Fed rate cut forecast to June from May previously ...Middle East

The firm also now expects the Fed to deliver just 75 bps of rate cuts this year, as opposed to the 100 bps in their previous forecast. On the change: "Given the upside surprises to both payrolls and inflation, we now expect the Fed to wait a bit longer before cutting rates, making its first 25 bps cut in June rather than in May".This fits with market expectations, with a June rate cut now fully priced in. Meanwhile, odds of a May rate cut are only seen at ~39% now. Here is Adam's post earlier this week: The Fed and markets are in a rare moment of alignment This article was written by Justin Low at www.forexlive.com.

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