Dollar Seen Set for 'Ongoing Weakness' With Fed Likely to End Rate Hikes: UBS Strategist
The dollar's recent slump looks set to continue through 2023, UBS Global Wealth Management's Dominic Schnider said Friday.
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The dollar's recent slump looks set to continue through 2023, UBS Global Wealth Management's Dominic Schnider said Friday.
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"We think they're close to wrapping it up, thank goodness," JP Morgan Asset Management strategist Phil Camporeale said Wednesday.
"The Federal Reserve will ultimately have plenty of excuse to taper down the rate hikes and pause them in the first quarter of next year."
Markets are dismissing inflation risks after Powell signaled rate hikes may slow, and investors aren't pricing in credit and earnings risk, El-Erian said.