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Story summary
- UBS (Union Bank of Switzerland) now expects the Federal Reserve to raise rates twice in 2026.
- U.S. employers added 162,000 jobs in August, far above the 55,000 consensus estimate.
- The CME FedWatch tool showed a 60.4% probability of a 25-basis-point hike at the September 15-16 FOMC meeting.
- UBS remains positive on global equities, favoring AI, power, resources and longevity sectors.
