Financial conditions become more important in rate hike decision.
UBS is out with comments on Fed policy.
They say that since the fed's central tendencies are being met, financial conditions become more important in the rate hike decision.
They add that "once the Fed moves, economic conditions could improve prompting further moves by the Fed"
They say has advantages in that it "provides optionality for those who anticipate that more than one hike this year would likely be appropriate"
