Lates News

UBS says that currently market expectations are in line with the bank's basic predictions, with tariffs expected to decrease from current levels and the Fed expected to further cut interest rates within the remaining time of the year. However, due to the high uncertainty surrounding trade, the economy, and Fed policy, volatility is expected to remain high. Nevertheless, UBS believes that the U.S. stock market is attractive and has a year-end target for the S&P 500 index of 5800 points. UBS's current basic prediction is for the Fed to cut interest rates by 75 to 100 basis points this year, but in the short term, the Fed's policy flexibility seems more limited as it must strike a balance between concerns about economic growth and risks of inflationary resurgence.