UBS Bank: Expects Fed to Raise Rates Three Times Starting in December

August 3rd. BNP Paribas expects the US Treasury yield to continue rising as the market digests expectations of future Fed rate hikes. The bank predicts the Fed will raise interest rates three times starting in December, and believes that after last week's decision to hold rates steady (despite three dissenting votes supporting a rate hike), investors will continue to question the Fed's credibility. (FXStreet)