News list for "UBS current"

UBS now expects the Federal Reserve to cut interest rates by 100 basis points this year, up from a previous forecast of 50 basis points. Unless the August jobs report is strong, UBS believes the Federal Reserve will begin an easing cycle with a 50 basis point rate cut at its September meeting, UBS said in its report. "Our baseline judgment remains that the U.S. economy will avoid recession and growth will remain close to its 2% trend. With interest rates at a 23-year high, the Fed has enough fle...

2024-08-05 14:53:01