Macro· ★★★★· bearish·

UBS Sees Two More Fed Rate Hikes in 2026–2027

  • —UBS expects hikes in December 2026 and March 2027
  • —September CPI came in at 3.7% YoY versus a 2% target
  • —The Fed raised its target range to 3.75%–4.00% in September
  • —Rates could exceed 4.50% by March 2027 under the UBS scenario
Why it matters: A longer tightening cycle pressures long-duration assets and crypto by raising the appeal of risk-free yields.
Source: Coincu