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UBS uncovers encouraging economic signs and shares portfolio strategies to navigate shifting interest rates.
Growing inflationary persistence and higher wholesale prices are driving bets that Federal Reserve policymakers will raise the benchmark interest rate in September.
The Federal Reserve may hold interest rates steady in October, with markets putting the odds of a hike at just 15%. But rising inflation and higher oil prices could push it to raise rates again in December.As a result, markets now see an 89% chance of a 25-basis-point December hike, which would lif…