UBS expects the Federal Reserve to hold interest rates steady as wage-driven inflation concerns subside. Meanwhile, the transition of the USMCA trade pact to annual reviews introduces moderate near-term economic uncertainty.
Key Takeaways
- 1.The Fed is likely to maintain steady interest rates in the near term as wage-driven inflation pressures ease.
- 2.The USMCA trade pact will undergo annual reviews rather than renewal, creating uncertainty for North American markets.
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Authors
Ulrike Hoffmann-BurchardiMark Haefele
Securities
S&P 500META
Themes
AI InfrastructureTrade Policy
Regions
North AmericaUnited StatesCanadaMexico