UBS flags September Fed hike odds after strong jobs data
UBS says August’s stronger-than-expected US jobs print has increased the odds of a September Fed rate hike, giving investors opportunities in longer-dated bond yields and gold hedges, alongside equities.
August's stronger-than-expected US jobs print has sharply increased the odds of a September Fed rate hike, UBS said. The bank said that may give investors a chance to buy equities, take advantage of opportunities in longer-dated bond yields and build gold hedges.