UBS: Economic data will continue to dominate the Federal Reserve's future interest rate decisions

2024-12-19 16:14:47
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ChainCatcher news, UBS stated that the Federal Reserve's next interest rate move will be guided by economic data. Although major global markets have reacted negatively to changes in the Federal Reserve's rate cut cycle next year, the Fed will continue to monitor economic conditions and various data before taking any action.

UBS said, "We believe that the Federal Reserve still relies on data, and future economic indicators will continue to play a crucial role in determining the Fed's next steps." Key indicators such as the Fed's preferred inflation measure, PCE inflation, 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 could 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. (Jin Shi)

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