Fed seen taking “higher for longer” stance on rates — UBS talk
UBS economist Jonathan Pingle says the Fed’s latest rate hike signals rates may need to stay higher for longer to control inflation, with officials expecting one more hike this year and keeping rates around 4.1%.
1543 ET - The Federal Reserve’s latest rate increase suggests policymakers believe borrowing costs will need to remain higher for longer in order to bring inflation down, UBS economist Jonathan Pingle says in a note. 1% through the period referenced in the note.