UBS: Rising rates are priced in, which supports our overweight in equities

“At this month's UBS Investor Forum, the recent weak economic data out of the United States was a key topic. The main question was how this would affect the Federal Reserve's willingness to raise interest rates. Participants could not agree on what the Fed was looking at, be it inflation, wage growth, or employment numbers.” However, “All the investors we spoke to still think that the Federal Reserve is going to hike rates. That means it’s unlikely to shock markets and it lends support to our overweight in equities and credit.” Watch the video here: (VIEW LINK)