The Fed isn't likely to raise rates in June but UBS analysts project a higher median 'dot'

When it comes to reading the Federal Reserve tea leaves, UBS analysts don’t foresee another rate hike coming out of the June FOMC meeting June 13-14. Instead, the firm expects the agency’s so-called dots (referring to interest rate target ranges) to be revised up for 2023 and 2024. “We do not expect Chair Powell to pre-commit to raising rates in July, but we expect a majority…