[Julius Baer: Fed Expected to Raise Rates by 25 Basis Points in December, Followed by a Prolonged Pause] BlockBeats News, October 6, Swiss leading pure private bank and wealth management group Julius Baer expects the Federal Reserve to implement its final 25 basis point rate hike in December, followed by a prolonged pause. The bank noted that the U.S. labor market is cooling down, and financial conditions have tightened significantly, primarily driven by the rise in long-term Treasury yields and the strengthening of the U.S. dollar, rather than the increase in short-term interest rates. December is now seen as the most likely window for the final rate hike.