EconomyStrong jobs trigger hawkish UBS reversal that could pressure Bitcoin through December
UBS now expects the Federal Reserve to raise rates by 25 basis points in both September and December, reversing its earlier call for no hikes this year. The shift, driven by resilient August employment, hawkish Fed signals and inflation risks, could keep yields and dollar assets attractive while raising the opportunity cost of holding non-yielding Bitcoin.
Strong jobs trigger hawkish UBS reversal that could pressure Bitcoin through December
Economy