UBS: First FOMC Meeting Under Kevin Warsh Signals Hawkish Stance

UBS said the first Federal Open Market Committee (FOMC) meeting under Fed Chair Kevin Warsh sent a clearly hawkish signal. According to NS3.AI, UBS also said market bets on rate hikes this year may be overly aggressive. The note did not provide additional details on the meeting outcome or quantify the market’s expectations for rate increases.