UBS says traders are too cautious on Fed rate cuts, base case is 50bp in 2024

A snippet from UBS, analysts at the bank say they have a base case for 50bp of Federal Open Market Committee (FOMC) rate cuts in 2024, and that current pricing of around 35bp is too cautious.

Just in time for turnaround Tuesday? Stay tuned.

This article was written by Eamonn Sheridan at Source