UBS Names Three Places To Put Money As Fed Hike Odds Hit 60.4%

UBS said investors should favor equity dips, the medium-to-long end of the yield curve and gold as volatility builds around the Federal Reserve’s September meeting, while cutting excess dollar holdings and dropping a short- to medium-duration bond recommendation. according to BeInCrypto, strategists led by Mark Haefele said the key issue is whether the Fed responds to US economic strength or sticky inflation, not just the September decision itself. The FOMC meets September 15 and 16, with CME FedWatch pricing a 60.4% chance of a September hike.