Market News / Story
One Final Fed Hike This Year? Julius Baer Reportedly Sees December Move As Treasury Yields Hover Near 24-Year Highs
Stocktwits ·
Stocktwits reports: Julius Baer reportedly expects the Federal Reserve to raise interest rates one more time this year, with December the most likely opportunity after the U.S. labor market cooled slightly in September. Julius Baer Chief Economist David Kohl expects one final 25-basis-point increase in followed by an extended pause, Barron’s reported Tuesday, citing Dow Jones Newswires. Slower job growth and employment gains across fewer industries make December the most likely timing for…