UBP says oil, long — term yields drive equity sentiment after Fed lifts rates to 4%
Union Bancaire Privée flagged oil prices and long-term yields as the key near-term swing factors for equities and rates. The Fed raised rates 25 bps to 3.75%-4.00% on Sept. 16, framing the move as insurance against energy-driven inflation. FOMC dot plot signaled at least one more hike by December, pushing any easing ba