JULIUS BAER SEES FINAL FED HIKE IN DECEMBER Julius Baer expects the Fed to deliver one final 25bp rate hike in December, followed by an extended pause. The bank points to a cooling U.S. labor market and sharply tighter financial conditions, driven more by rising long-term Treasury yields and a stronger dollar than by higher short-term rates. December is now seen as the most likely window for the final hike.(彭博社)