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UBS WM: Overweight global equities, underweight high grade bonds after Fed rate hike

The Federal Reserve has announced a widely-expected 25 bps rate hike, shifting the target range up to 1-1.25%, which is in line with UBS Wealth Management’s forecasts and reinforces the lender’s tactical asset allocation to be overweight global equities and underweight high grade bonds, the bank says. According to the bank, investors can expect one more rate hike this year,…

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