UBS says a Federal Reserve policy pivot is "on the horizon" ...Middle East

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UBS says a Federal Reserve policy pivot is on the horizon
Main points from UBS on their outlook for the US Federal Reserve:policy pivot on the horizon, UBS base case is a September 25bp rate cutCiting:UBS expect the US continues to head toward a soft economic landingeconomy has entered a period of below-trend growth, growth has slowed to a modest pacesteadily rising unemployment rate is also consistent with below-trend growthsee little evidence of an imminent hard landingbroad disinflation is in placeFOMC meet on the 30th and 31st:statement due at 1400 US Eastern time (1800 GMT) Federal Reserve Chair Powell's press conference follows a half hour later This article was written by Eamonn Sheridan at www.forexlive.com.

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