📊UBS SAYS MARKETS ARE TOO HAWKISH Markets are increasingly pricing in Federal Reserve rate hikes, with prediction markets showing rising odds of tighter policy. UBS disagrees, saying investors are overestimating the likelihood of hikes and still expects the Fed's next move to be a rate cut in 2027. The gap between market pricing and UBS's outlook continues to widen. https://kalshi.com/markets/kxfeddecision/fed-meeting/kxfeddecision-26jul?op_market_ticker=KXFEDDECISION-26JUL-H0?utm_source=walterbloomberg(*Walter Bloomberg)