UBS says markets are vulnerable to signs of no soft landing

<p>Snippet from UBS Global Wealth Management hinting at market complacency: </p><ul><li>Markets are already pricing in a soft landing, and increasingly with the belief that relatively little growth pain is required for inflation to gradually return to 2%,” </li><li>The markets are vulnerable to any signs that the economy, with the Fed’s steering, is at risk of not sticking to that soft landing.</li></ul><p>A strong NFP report later on Friday could be a catalyst for expectations of perhaps more Fed rate hikes ahead and could give a bit of a wobble to complacency. </p><p>Previews earlier:</p><ul><li><a href="https://www.forexlive.com/news/july-non-farm-payrolls-preview-adp-vs-ism-edition-20230803/" target="_blank" data-article-link="true">July non-farm payrolls preview: ADP vs ISM edition</a></li><li><a href="https://www.forexlive.com/news/us-non-farm-payrolls-preview-still-strong-demand-for-workers-20230803/" target="_blank" rel="follow" data-article-link="true">US non-farm payrolls preview: "still strong demand for workers"</a></li></ul><p>And, earlier from UBS:</p><ul><li><a href="https://www.forexlive.com/centralbank/us-non-farm-payrolls-is-the-1st-of-4-critical-data-points-ahead-of-the-fed-sept-meeting-20230803/" target="_blank" rel="follow" data-article-link="true">US non-farm payrolls is the 1st of 4 critical data points ahead of the Fed Sept meeting</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.