Snippet from UBS. Analysts there assess that US inflaiton has peaked:
- see core CPI at 2.6% and headline at 3.4% by year-end
- says this is positive for risk assets, UBS highlight especially for tech stocks
- slowing inflation will relieve the pressure from hawkish pricing and downside growth risks
From the Federal Reserve UBS expect:
- 50bp hikes coming in June and July
- 25bp at the September & November meetings
- a pause in 2023
Federal Open Market Committee dates still to come this year:
