UBS adjusts Fed rate hike forecast, expecting third hike in March 2027

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Spanish power companies Iberdrola, BBVA, and Santander have completed a $163 million corporate syndicated financing, which is managed through a full process blockchain platform developed by ioBuilders.

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The United States will release September PPI and retail sales data tonight at 20:30 (UTC+8). The market expects the overall PPI to rise by 0.6% month on month in September, and the core PPI to rise by 0.3% month on month. Bill Adams, Chief US Economist at Fifth Third Commercial Bank, believes that strong PPI data increases the likelihood of the Federal Reserve raising interest rates in October. The rise in energy costs is positively transmitted to the enterprise side, and investors are concerned about the impact of data on the Federal Reserve's interest rate hike pricing and market conditions.

UBS has adjusted its forecast for the Federal Reserve's interest rate hike cycle, expecting the third hike to be in March 2027. The previous forecast was that the rate hike cycle would end in December.