UBS: Fed Rate Hike Ahead Despite Oil’s Skid, ECB QE

Investors are debating if the burgeoning deflationary pressures in the U.S. will keep the Federal Reserve from raising rates later this year. A quiet consensus is emerging that the Fed will back off because lower oil prices will introduce deflationary pressures. But UBS has a different view. In a note to clients, UBS Economist Maury [...]